{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Trade Embargoes - Haiti fall in consumer surplus = B C...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Trade Embargoes A trade embargo is a complete ban on trade. The majority of embargoes fail to alter the policies of the target nations. Consider a total embargo on exports to Iraq.
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Haiti: fall in consumer surplus = B+C Embargoing countries: loss of profits on exports = A Non-embargoing countries: gain of producer surplus = B world as a whole loses A+C...
View Full Document

{[ snackBarMessage ]}