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If North Korea enacts an embargo on all goods from Canada and changes average import tariffs from 10% to 30%, what is the expected impact
If North Korea enacts an embargo on all goods from Canada and changes average import tariffs from 10% to 30%, what is the expected impact in North Korea? a. a slight decrease in imports from Canada b. a slight increase in exports to Canada c. less consumer choice d. lower prices for North Korean consumers
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