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Explain the effects of the imposition of an export tax

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Reference no: EM132482166

a) Using a demand/supply diagram, illustrate and explain the effects of the imposition of an export tax on a good Y by a home country's government on

(i)  the Nigerian consumers of Y,

(ii) the Nigerian producers of Y, and

(iii) the Nigerian government's tax revenues.

Assume that Nigeria is a "small" country. Evaluate the "net welfare effect" of the tax. Why might a country want to impose an export tax? Explain.

(b) Suppose now that Nigeria is imposing export tax in part (a) of this question is a "large" country rather than a "small" country. Is it an advantage or a disadvantage for a country to be "large" rather than "small" when it imposes an export tax? Explain.

Reference no: EM132482166

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