8 National defense, industrial diversity, and the infant-industry arguments can be used to justify trade restrictions for
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8 National defense, industrial diversity, and the infant-industry arguments can be used to justify trade restrictions for specific industries under certain conditions. However.
it is clear that the power of special interest groups and ignorance about the harmful effects offer the m<'l:ior explanations for real-world protectionist public policy.
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Related Book For
Essentials Of Economics
ISBN: 396414
2nd Edition
Authors: James D Gwartney; Richard Stroup; J R Clark
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