President Reagan negotiated a "voluntary" import quota on Japanese cars sold in the United States during the 1980s. Some of his advisors had recommended that he impose a higher import tax (tariff) instead. Assuming the tariff was in the form of a constant tax T per Japanese car sold in the United States and that T was chosen to produce the same quantity reduction as the quota, how will the prices paid for Japanese cars by U.S. consumers compare under the two policies?
I hate Reagan. I hate his Building, I hate his library, I hate his airport, and now I hate this textbook. Hate hate hate.
5 comments:
Justin: I'm warning you now. If you comment, I'm deleting it. There is no room in this post for your filthy, Reagan-loving sarcasm.
What did I do??? Oh the voices......oh.....how they scream.....
Wrong Justin kiddo. This is "Heavy Metal Reaganomics Justin", not "Nice Pants, Tripod" Justin. :)
Also "Gun control is being able to hit your target" Justin.
But hey,if it wasn't for Reagan,we wouldn't have George Bush! Hahaha
G-spOt
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