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nevermind11111 nevermind11111
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A year ago
Many people argue that the imposition of tariffs in industry X will increase factor incomes in that industry and therefore be good for the country as a whole. The counter-argument is that

▸ factor incomes overall would increase, but wages in industry X would fall, which would hurt workers in that industry.

▸ the increase in industry X factor incomes would be more than offset by reductions in real incomes to all other domestic residents.

▸ factor incomes would first rise and then decrease in industry X.

▸ the increase in factor incomes would increase unemployment.

▸ the increase in factor incomes in industry X would reduce profits to business owners by an equal amount.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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jgunn88jgunn88
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A year ago
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nevermind11111 Author
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A year ago
Good timing, thanks!
Mkersey12
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Yesterday
Thanks for your help!!
Jadakiss
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2 hours ago
Brilliant ツ
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