Problem
With free trade between Australia and Canada, Australia would export beef to Canada. But Canada imposes an import quota on Australian beef.
Explain how this quota influences the price that Canadians pay for beef, the quantity of beef produced in Canada, and the Canadian and the Australian gains from trade.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.