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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Principles Of Macroeconomics

ISBN: 9781292303826

13th Global Edition

Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster

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