Ethanol in the European Union (EU) is made from beets. In 2013 the EU imposed a tariff
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Ethanol in the European Union (EU) is made from beets. In 2013 the EU imposed a tariff of about 25 cents per gallon on imports of ethanol from the United States. Explain who wins and who loses due to this tariff. Consider both producers and consumers and consider not just the EU and the United States, but also Brazil, which exports ethanol to the EU.
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Related Book For
The Economics of Public Issues
ISBN: 978-0134018973
19th edition
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
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