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If a good is imported into (small) country H from country F, then the imposition of a tariff In country H Question 7 options: lowers
If a good is imported into (small) country H from country F, then the imposition of a tariff In country H
Question 7 options:
lowers the price of the good in both countries.
raises the price of the good in both countries (the "Law of One Price").
raises the price of the good in H and lowers it in F.
lowers the price of the good in H and could raise it in F.
raises the price in country H and does not affect its price in country F.
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