implications of a tariff
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All of the economic implications of a tariff are due to two of its properties. What are they?
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All of the economic implications of a tariff are due to two of its properties. What are they?
The first property of tariff is that it increases costs. In other words when tariffs are imposed by a country it provides protection to the local industry. There is reduced competition and this causes the prices of the product to ...
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