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Suppose That Japan Levies a 40 Percent on Pickup Trucks

Question 32

Multiple Choice

Suppose that Japan levies a 40 percent on pickup trucks and a 20 percent on engines.The effective rate of protection on pickup trucks


A) more than the nominal rate of protection on pickup trucks
B) less than the nominal rate of protection on pickup trucks
C) is equal to the nominal rate of protection on pickup trucks

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