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Economics
MEDIUM
ENGLISH
Economics
If a nation fitting the criteria for the small nation model imposes a 10 percent tariff on imports of autos ?
The price of autos within the nation will rise by 10 percent
Correct answer
B
The price of autos within the nation will rise by less than 10 percent
Option B
C
The price of autos within the nation will rise by more than 10 percent
Option C
D
The price of autos will not rise because of internal competition
Option D
Correct answer: A
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