Problem
In order to analyze the effect of imposing tariff at HOME country, (i.e. when it is large enough to exert an influence over world prices), Draw a typical Foreign Market Supply and Demand curves first. Then, drive Foreign Export Supply curve and add Home Import Demand curve on top of it. Then, show how does Foreign Export Supply curve shifts as a tariff imposed at Home country? Also show changes in Consumer Surplus, Producer Surplus, Government Revenue? Distinctly show the effect of terms of trade improvement over welfare at Home?
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.