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In Reality, If a Nation Imposes Tariffs, Then the Final

question 207

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In reality, if a nation imposes tariffs, then the final result will be that net exports and GDP will decrease.


Definitions:

Markdown

The reduction of a product's selling price, often to clear inventory or promote sales.

Mark-up

An enhancement to the price at which goods are bought to include expenses and profit.

Selling Price

The amount of money a buyer pays to purchase a product or service from a seller.

Mark-up

The uplift on the initial cost of items to cover business overheads and secure earnings.

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