题目内容
Bonded warehouses and foreign trade zones have the effect of allowing domestic importers to postpone and prorate over time their import duty obligations.
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A nation whose imports constitute a very small portion of the world market supply is a price taker, facing a constant world price for its import commodity.
Graphically, consumer surplus is represented by the area above the demand curve and below the product's market ptice.
Producer surplus is the revenue producers receive over and above the minimum necessary for production.
For a "small" country, a tariff raises the domestic price of an imported product by the full amount of the duty.
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