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[(Average range rating - 12) x 0.05(Value from column C of Table 220.55)] +(Value from column C of Table 220.55) = ____________________
Trans-Pacific Partnership
A trade agreement among multiple Pacific Rim countries aimed at deepening economic ties, reducing tariffs, and fostering trade to boost growth.
Infant Industry Argument
A protective economic theory suggesting that emerging domestic industries should be shielded from foreign competition until they become competitive.
Tariff
A tax imposed by a government on imported goods to protect domestic industries or raise revenue.
Domestic Market
The market within a country where goods and services are traded domestically.
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