Why Trade barriers hurt American consumers
Why Trade barriers hurt American consumers?
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Trade barriers hurt American consumers who must pay higher than world prices. Interference with international trade through protective tariffs and quotas is shown to cost society more than the benefits that are received by the protected firms and workers.
9. The following table shows annual sales data for Stuff Happens, Inc., over the ten-year 1998-2008 period: Year Sales ($ Millions) 1998 $2.0 1999 2.2 2000 2.4 2001 2.6 2002 2.8 2003 3.0 2004 3.2 2005 3.5 2006 3.8 2007 4.1 2008 4.3 A. Calculate the 1998-2008 growth rate in sales using
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