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treetreee treetreee
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3 months ago
A possible reason a nation might impose a protectionist policy such as a tariff is to:

▸ encourage specialization in the good in which the nation has a comparative advantage.

▸ slow domestic production.

▸ protect an infant industry from foreign competitors.

▸ increase the level of imports.
Textbook 

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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wrote...
3 months ago
protect an infant industry from foreign competitors.
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