in International trade about tariff: using a simple Swiss formula to calculate the final tariff: initial rate of tariff is 120% coefficient is 8

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter9: Application: International Trade
Section: Chapter Questions
Problem 4CQQ
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in International trade about tariff:

using a simple Swiss formula to calculate the final tariff:

initial rate of tariff is 120%

coefficient is 8

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