B. If Oman imposing an import tariff on the used car imports from UAE (Foreign),explain the cost and benefits tariff as an importing country to Oman and an exportingcounty to UAE(Use appropriate diagram to explain your answer).Your answer can limit based on following theoretical assumptions:Suppose that there are two countries Home (Oman) and Foreign.Both countries consume and produce used cars which can be costlesstransported between these countries.In each country, it is a competitive industry.Suppose that in the absence of trade the price of used cars at Home exceedsthe corresponding price at Foreign.C. If Oman allowing an export subsidy toDiagrammatically explain its effects on the Oman market (Exporting country) and asan importing country to UAE market.Your answer can limit based on following theoretical assumptions:our vegetable exporters to UAE,Suppose that there are two countries Home (Oman) and Foreign (UAE).Both countries consume and produce vegetables, which can be costlesstransported between these countries.In each country, it is a competitive industry.Suppose that in the absence of trade the price of vegetables at Home is lessthan the corresponding price at Foreign.olugis

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B. If Oman imposing an import tariff on the used car imports from UAE (Foreign), explain the cost and benefits tariff as an importing country to Oman and an exporting county to UAE(Use appropriate diagram to explain your answer). Your answer can limit based on following theoretical assumptions: • Suppose that there are two countries Home (Oman) and Foreign. Both countries consume and produce used cars which can be costless transported between these countries. In each country, it is a competitive industry. Suppose that in the absence of trade the price of used cars at Home exceeds the corresponding price at Foreign.

B. If Oman imposing an import tariff on the used car imports from UAE (Foreign), explain the cost and benefits tariff as an importing country to Oman and an exporting county to UAE(Use appropriate diagram to explain your answer). Your answer can limit based on following theoretical assumptions: • Suppose that there are two countries Home (Oman) and Foreign. Both countries consume and produce used cars which can be costless transported between these countries. In each country, it is a competitive industry. Suppose that in the absence of trade the price of used cars at Home exceeds the corresponding price at Foreign.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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