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QUESTION
Econ 355 Assume two (large) countries subsidize their steel industries by the same per-unit amount, but one is a net importer and the other a net...
Econ 355
Assume two (large) countries subsidize their steel industries by the same per-unit amount, but one is a net importer and the other a net exporter. a. Show the effect on world price of the two subsidies. b. Assume the importer challenges the exporter under the WTO. Briefly (in one paragraph) describe the dispute settlement process.
