Welfare Effects in a Small Open Economy
Welfare Effects in a Small Open Economy
November 25, 2021 | 13:18This video discusses the welfare effects in a small open economy at the domestic autarky price, the free trade world price, and with the introduction of a tariff. It covers consumer and producer surplus, gains from trade, effects of a tariff, and the impact of an increase in demand on welfare.
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Welfare Effects in a Small Open Economy
Created:
November 25, 2021
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