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Japan Imposes a $300 Per Ton Tariff on Imported Steel,raising

Question 33

Multiple Choice

Japan imposes a $300 per ton tariff on imported steel,raising the price charged in Japan to $1,000.Using only this information,which of the following statements is correct?


A) The world price for steel is $300.
B) The world price for steel is $700.
C) The world price for steel is $1,000.
D) The world price for steel is $1,300.

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