A group of companies in India wishes to import high quality AC's from South Korea but have to pay a huge tax on them which would make the AC's very expensive leading to a decline their sales. Ascertain the role of the import tax in this situation.
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import tax in this situation will work as trade barrier in the field of globalisation which will be responsible for increasement in the price of product which will work as a barrier in the field of trading world wide(globalisation).
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