Question: 1. How does international trade help in economic development? 2. If the government imposes a tax on cooking oil, what will happen to the price

1. How does international trade help in economic development?

2. If the government imposes a tax on cooking oil, what will happen to the price paid by buyers, the price received by sellers, and the quantity of cooking oil sold?

3. In the terms of externalities, how does taxation help in dealing with global climate change?

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