Solved: What are the disadvantages of engaging in strategic trade, Microeconomics

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What are the disadvantages of engaging in strategic trade

1. What are the disadvantages of engaging in strategic trade policy even in cases in which it can be shown to yield an increase in a country's welfare?

2. Suppose the U.S. government were able to determine which industries will grow most rapidly over the next 20 years. Why wouldn't this automatically mean that the nation should have a policy of supporting the growth of these industries?

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Microeconomics: What are the disadvantages of engaging in strategic trade

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