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1. Show graphically how imposing a tariff on Chinese imports (say steel) can increase domestic U.S....

1. Show graphically how imposing a tariff on Chinese imports (say steel) can increase domestic U.S. production and employment, but a production subsidy can achieve the same goal with less domestic economic welfare loss?

2. Show graphically in the large country case, how trade intervention in the form of imposing a tariff on Chinese imports (say garment) can lead to an economic welfare gain in the U.S?

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