DO-first learning opens your mind to new questions, trials and errors and naturally sparks your curiosity. The next time you're teaching, try having your students do an activity related to the topic first and embrace the questions they ask. You'll be surprised how much more engaged your students are and how much easier it is to guide them through the lesson. | Cengage | Facebook

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Consider a small country that exports steel. Suppose that a "pro-trade" government decides to subsidize the export of steel by paying a certain amount for each ton sold abroad. How does this export subsidy affect the domestic price of steel, the quantity of steel produced, the quantity of steel consumed, and the quantity of steel exported? How does it affect consumer surplus, producer surplus, government revenue, and total surplus? Is it a good policy from the standpoint of economic efficiency?

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