Jacob Viner originally envisioned a situation where, in the demand/supply graph
ID: 1222276 • Letter: J
Question
Jacob Viner originally envisioned a situation where, in the demand/supply graph of a trade-diverting customs union, the demand curve was vertical and all supply curves (including the supply curve of domestic producers) were horizontal. Other things equal, would the formation of a customs union with many members be more likely or less likely to improve welfare for a given member country than the formation of a customs union with only a few members? Why or why not? Other things equal, would the formation of a customs union be more likely or less likely to enhance welfare for a given member country if that country had very high preunion tariffs than if it had very low preunion tariffs? Why or why not?
Explanation / Answer
yes, making of unions definetely helps to difne the employee benefits in all circumstances. it helps to be unity and fights for their rights against employers.
puting tarrif or taxes based on union formation to any firms is not acceptable, it means that they are discriminating the market and the firms based on unionism. unionism always works for employee benefits in all conditions.
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