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Reference - 12.2: Use the data below and Bayes' theorem to answer questions 34-35.
-Reference - 12.2: What would be the joint probabilities, P(U ∩ Sj) ?
Unilateral Tariff
Tariffs imposed by one country on the imports from all or specific nations, without reciprocal action.
Imported Goods
are items brought into a country from abroad for sale or use, typically involving a transaction between an importer and a foreign producer.
Chinese Yuan
The official currency of the People's Republic of China, used as a medium of exchange and a store of value.
Appreciated
Refers to an increase in value or price of an asset or currency over time.
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