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Which of the Following Is an Example of a Trade

Question 19

Multiple Choice

Which of the following is an example of a trade cost associated with a U.S. citizen importing a sweater produced in India?


A) the final price of the sweater
B) the cost of the wool used in producing the sweater
C) the cost of the labor used in producing the sweater
D) the cost of the tariff on imported sweaters from India

Correct Answer:

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