Look back at Figure 10-5, specifically at the left part of the figure. How does the historical

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Look back at Figure 10-5, specifically at the left part of the figure. How does the historical trade policy of the United States compare with that of developing countries in the 20th century? Why do you think the results seem to have been so different? Tariff rate (percent) 60 50 40 20 1896 FIGURE 10-5 1916 1921 1926 The U.S. Tariff Rate After rising sharply at the begin

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International Economics Theory and Policy

ISBN: 978-0134519579

11th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

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