Social Studies
Social Studies, 10.12.2020 22:30, mariahbugg7

Suppose that Canada decreases its tariff rates on all of its imports of televisions from abroad. (A) Will each of the following groups benefit from the decrease in the tariff rate?
(i) Canadian consumers
(ii) Canadian television manufacturers. Explain.

(b) How would the decrease in the tariff rates affect each of the following in Canada?
(i) Current account balance. Explain
(ii) Financial account balance
(c) Given the change in Canada’s current account in part (bi), what will happen to the aggregate demand
in Canada?

answer
Answers: 1

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