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Scenario: Konesia Joins the World

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Scenario: Konesia Joins the World
Konesia, a former totalitarian economy and pariah state, is taking steps toward a free market economy. The government wants to encourage trade but also wants to find a balance so that local businesses and industries are not harmed.
-If Konesia chooses to levy tariffs as a percentage of the stated price of an imported product,this would be an example of a(n) ________.


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