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Suppose the US decides to open trade with the world market for carbonated beverages and becomes an importer. Please answer the following questions. If US
Suppose the US decides to open trade with the world market for carbonated beverages and becomes an importer. Please answer the following questions. If US becomes an importer of carbonated beverages, what must be true? a) a tariff is being charged in the trade. b) the domestic price is less than the world price. C) the world price is less than the domestic price. D) US has an exess supply of carbonated beverages
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