Business
Business, 31.07.2020 04:01, tackmancalynn

Two foreign nations decided to impose tariffs on imports from all countries. They set up a free trade area, removing all trade barriers between themselves but maintaining tariffs on imports from the rest of the world. Country A now begins to import sugar from Country B. Prior to this, Country A was producing sugar at a higher cost so it now benefits from this transaction. This is an example of

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Two foreign nations decided to impose tariffs on imports from all countries. They set up a free trad...

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