Suppose the United States could import footwear from Thailand at the price of $20 per pair or
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Suppose the United States could import footwear from Thailand at the price of $20 per pair or from Mexico at $24 per pair. The domestic price of footwear in the United States is $35. Suppose prior to NAFTA, U.S. customs imposed a 50% tariff on all footwear entering the country. Would the United States import footwear? If yes, from which country? Why?
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Before NAFTA the United States would import footwear from Thailand b...View the full answer
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Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
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