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irancia thompson
on Nov 17, 2024

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When a country that imports shoes imposes a tariff on shoes, buyers of shoes in that country become worse off.

Tariff

A tax on imports or exports between sovereign states.

Imports

Goods and services brought into one country from another for sale, typically subject to tariffs and trade agreements.

Buyers

Individuals or entities that purchase goods or services.

  • Assess the repercussions of tariffs and quotas on domestic production entities, purchaser outcomes, and governmental fiscal receipts.
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William WalshNov 20, 2024
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