Fill in the blanks to make the following statements correct. a. The ________ argument provided the rationale

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Fill in the blanks to make the following statements correct.

a. The ________ argument provided the rationale for Canada's National Policy of 187 6. A high tariff wall allowed many Canadian industries to develop where they may not have been able to compete otherwise.

b. Advertisements that encourage us to "buy Canadian" are promoting \(\mathrm{a}(\mathrm{n}) \_\) _________argument for protection. The reason is that money spent on imported goods must ultimately be spent on _________ goods and services anyway.

c. Invalid arguments for protection usually come from a misunderstanding of the gains from________ or from the misbelief that protection can increase total

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Macroeconomics

ISBN: 9780133910445

15th Edition

Authors: Christopher T S Ragan

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