Word: quanti
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Dates: during 1929-1929
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...full foreign value" of merchandise bought abroad. Tourists ordinarily know but one foreign value?the price they paid?and almost invariably set down and pay duty on the retail price. Yet the law defines the full foreign value as "the market value or the price . . . in the usual wholesale quanti- ties." Every businessman knows that the average retail price is about 50% greater than the wholesale price, yet tourists commonly pay duty on the former...
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