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Passa Caglia Passa Caglia
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2 years ago
When a country chooses to protect domestic industries from foreign competition, it will incur a cost in the form of

▸ higher unemployment.

▸ the loss of revenue from tariffs.

▸ the loss of jobs in the protected industries.

▸ the loss of those protected industries.

▸ lower average material living standards.
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Microeconomics

Microeconomics


Edition: 17th
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stephvelez1318stephvelez1318
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