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Author Question: In a free trade area, member nations have no trade barriers among themselves but are free to set ... (Read 278 times)

rmenurse

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In a free trade area, member nations have no trade barriers among themselves but are free to set their own trade policies toward nonmembers.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A reduction in the tariff on imported steel would most likely benefit
 a. workers in the steel industry.
 b. the domestic consumers of steel.
 c. the domestic producers of steel.
 d. foreign producers at the expense of domestic consumers.



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joechoochoy

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Answer to Question 1

True

Answer to Question 2

b





 

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