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Andrea Brenner
on Oct 12, 2024

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Most economists _________ tariffs and _________ quotas.

A) favor;favor
B) oppose;oppose
C) favor;oppose
D) oppose;favor

Tariffs

Taxes levied on imported goods and services, intended to make imported goods more expensive to protect domestic industries.

Quotas

Limits set by a government on the amount of a specific good that can be imported or exported during a given time frame, often to protect domestic industries.

  • Evaluate the arguments for and against tariffs, quotas, and free trade policies.
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KC
Kathleen CorcolonOct 15, 2024
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