Business
Business, 21.03.2020 02:06, deejayjaytee

Suppose a small country sets all of its tariffs at 40 percent which causes a reduction in imports by 20 percent. If the total imports affected by the tariffs are 40 percent of the gross domestic product (GDP), the net national loss from the tariffs as a percentage of GDP is .

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Suppose a small country sets all of its tariffs at 40 percent which causes a reduction in imports by...

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