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Table 41Production Costs and Prices of Imported and Domestic VCRs

Question 42

Multiple Choice

Table 4.1.Production Costs and Prices of Imported and Domestic VCRs

-Consider Table 4.1.The nominal tariff rate on imported VCRs equals:

A) 11.1 percent
B) 12.5 percent
C) 16.7 percent
D) 50.0 percent

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