A senator renounces her past support forprotectionism: The U.S. trade deficit must
Chapter 19, Problem 6(choose chapter or problem)
A senator renounces her past support forprotectionism: The U.S. trade deficit must bereduced, but import quotas only annoy ourtrading partners. If we subsidize U.S. exportsinstead, we can reduce the deficit by increasingour competitiveness. Using a three-panel diagram, show the effect of an export subsidyon net exports and the real exchange rate. Doyou agree with the senator?
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