Why are other nations likely to retaliate when a nation imposes an optimum tariff (or, for that

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Why are other nations likely to retaliate when a nation imposes an optimum tariff (or, for that matter, any import tariff)? What is likely to be the final outcome resulting from the process of retaliation?

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International Economics

ISBN: 978-1118955765

12th edition

Authors: Dominick Salvatore

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Question Posted: Oct 27, 2017 09:27 AM

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Why are other nations likely to retaliate when a nation imposes an optimum tariff (or, for that

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If a nation imposes the tariffs the terms of trade of the nation will i...View the full answer

International Economics

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