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Ashley Johnson
on Oct 12, 2024

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Tariffs lead to

A) the expansion of relatively efficient industries.
B) an under allocation of resources to relatively efficient industries.
C) an increase in the foreign demand for domestically produced goods.
D) an under allocation of resources to relatively inefficient industries.

Tariffs

Taxes imposed by a government on imported goods to protect domestic industries and generate revenue.

Allocation

The process of distributing resources or tasks among people or groups based on a specific criteria.

Efficient Industries

Industries that achieve maximum productivity with minimum wasted effort or expense.

  • Analyze the effects of tariffs and trade agreements on international trade.
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Vinamae TabernaOct 13, 2024
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