For a "small" country,a tariff raises the domestic price of an imported product by the full amount of the duty.

Name: For a "small" country,a tariff raises the domestic price of an imported product by the full amount of the duty.
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Since the country is small, it has less bargaining power in international trade. Therefore, when it imposes a tariff, foreign producers are likely to pass on the entire cost of the tariff to domestic consumers, resulting in a full increase in the domestic price.

For a "Small" Country,a Tariff Raises the Domestic Price of an Imported