Question: The potentially valid arguments for tariff protection are also the most easily abused. What are those arguments? Why are they susceptible to abuse? Evaluate the

The potentially valid arguments for tariff protection are also the most easily abused. What are those arguments? Why are they susceptible to abuse? Evaluate the use of artificial trade barriers, such as tariffs and import quotas, as a means of achieving and maintaining full employment.

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Trade barriers may be defended as being necessary to protect domestic firms from foreign dumping to protect socalled infant industries and to ensure a... View full answer

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