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    Business
  3. Study Set
    International Economics Study Set 6
  4. Exam
    Exam 6: The Theory of Tariffs and Quotas
  5. Question
    Based on Scenario 6
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Based on Scenario 6

Question 1

Question 1

Multiple Choice

Based on Scenario 6.1 above,if a tariff of 20 percent is placed on imports of dining room tables,the effective rate of protection is


A) 20 percent.
B) 25 percent.
C) 30 percent.
D) 40 percent.

Correct Answer:

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