In 2009 tariffs were imposed on Chinese tires. The result of this tariff was a drop in imports of these tires from $13 million to $5.6 million tires in one quarter. Additionally, within one year, the average radial tire prices rose by $8 per tire (in the United States): the average price of Chinese tires rose from $30.79 to $37.98, while the average price of tires from all other nations rose from $53.94 to $62.02. QUESTIONS: Who were the winners and losers of this tire tariff overseas

The winners were tire exporters from nations other than China, since the price of tires from these nations rose from $53.94 to $62.02, and this rise was not due to tariffs.

The losers were Chinese tire exporters, because while the price of Chinese tires also rose, it was because of the tariff, which is not income received by the exportes. Besides, the volume of imports from China also fell.

answer; someone must cover the cost associated with the provision of scarce goods in both sectors;

answerup to (3) three years;