The U.S. Customs Service reclassified imports of compact trucks (like the Toyota Tacoma) from "cab and chassis with some final assembly needed" to "complete or unfinished trucks." As a result of this reclassification, a tariff of _____ was applied, and U.S. prices of Japanese compact trucks rose by _____.

a. 25%; 25%
b. 25%; more than 25%
c. 25%; less than 25%
d. 4%; more than 4%


Ans: c. 25%; less than 25%

Economics

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