If a US automaker exported a car valued at $$25,000$ to Korea prior to the FTA, how much more expensive would it be due to the tariff? $($Hint #$1$: see the example of Argentina and cell phones in section $11\mathrm{.}3$ for the formula. Hint #$2$: Convert the tariff percent to decimal form for the calculation by first dividing by $100,$ so a $10\%$ tariff in decimal format would be $10/100=\mathrm{.}10)$

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If a US automaker exported a car valued at $$25,000$ to Korea as of $2016,$ how much more expensive would it be due to the tariff?

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How does the FTA help US companies export more automobiles to Korea after the FTA?

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If a $$25,000$ Korean car was imported to the US prior to the US$-$Korea FTA, how much more expensive would it be due to the tariff?

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If a $$25,000$ Korean car was imported to the US as of $2016,$ how much more expensive would it be due to the tariff?

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How does the FTA help you as a consumer in the US$?$

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What do you think will happen to US companies that are less efficient than Korean automakers, given the FTA?

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How can the concepts of comparative advantage $($use section $11\mathrm{.}2$b of the book$)$ or competitive advantage $($use section $11\mathrm{.}2$c of the book$)$ help less efficient firms decide what to do$?$