A tariff imposed by a large country affects the domestic price in the large country but not the global price.

Name: A tariff imposed by a large country affects the domestic price in the large country but not the global price.
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Question

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A tariff imposed by a large country can affect both the domestic price within that country and the global price, as the country's demand for imports decreases, potentially lowering the world price of the good due to decreased demand.

A Tariff Imposed by a Large Country Affects the Domestic