Reducing imports through protectionist policies leads the prices of imported goods paid by domestic consumers to rise.
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Reducing imports through protectionist policies leads the prices of imported goods paid by domestic consumers to rise. Economists have tried to quantify these price increases and compare them to the salary of jobs in that sector. Why would economists be interested in this comparison?
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Related Book For
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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