How would these proposed import levies affect foreign


1. How would these proposed import levies affect foreign suppliers to the United States of crude oil and refined products?

2. During the 1970s price controls on crude oil-but not on refined products-were in effect in the United States. Based on your previous analysis, what differences would you expect to see between heating oil and gasoline prices in New York and in Rotterdam (the major refining center in northwestern Europe)?

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Business Management: How would these proposed import levies affect foreign
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