【正文】
ugar 1. Under free trade: a. World price = $280/ton b. Domestic production = million tons c. Domestic consumption = million tons 2. Under import quota of million a. Domestic price = $466/ton b. Domestic production = million tons c. Domestic consumption = million tons d. Quota licenses allocated free to foreign gov’ts. e. The quota saved保全 3000 jobs in US sugar industry. 15 Trade in Agriculture ? EU’s Common Agricultural Policy (CAP) Due to export subsidies, a number of agricultural products sell at two or three times world prices ? Japan’s rice policy: Domestic price of rice higher than 5 times the world price due to banned禁止 imports. In 1998, Japan imposed征 (稅 ) a 1000percent tariff on rice imports. 16 ? The clothing industry (Textiles and apparel