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    International Economics Study Set 10
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    Exam 8: Import Tariffs and Quotas Under Imperfect Competition
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    If There Is Free Trade in a Small Economy, the Nation
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If There Is Free Trade in a Small Economy, the Nation

Question 100

Question 100

Multiple Choice

If there is free trade in a small economy, the nation will be able to import
Unlimited quantities of the product at:


A) the domestic price.
B) the world price.
C) the price measured in euros.
D) the price determined after all tariffs are assessed.

Correct Answer:

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