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.
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Questions: 1: Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice. Q : Difference between normal and inferior Difference between normal goods and inferior goods. Give illustration.
Difference between normal goods and inferior goods. Give illustration.
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