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Reducing the level of protection on imports

Since the mid 1980s Australia has been steadily reducing the level of protection on its imports.

a) What are some of the models that predict the EFFECT that REDUCING PROTECTION OF IMPORTS will have on FACTOR PRICES? Briefly explain the effects shown by these models.

Note: I am looking for at least 3 different models, unless there are only 2.

b) How useful are these models in analyzing a country like Australia?

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Solution Preview :

Prepared by a verified Expert

Microeconomics: Reducing the level of protection on imports

Reference No:- TGS01741642

Have a Question? (oR Write a Review)

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Solution Preview :

Prepared by a verified Expert

Microeconomics: Reducing the level of protection on imports

Reference No:- TGS01741642

Recent Questions Asked Microeconomics

Q : Points outside the production possibility curve

Q : Capital deepening and technological progress

Q : Behavioral and equalibrium relationships

Q : Goods and expensive goods

Q : Reducing the level of protection on imports

Q : Interest-rate effect of aggregate demand

Q : Why didn''t keynesian theory provide successful solutions

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