The average American is hurt by imports and helped by exports. Do you agree or disagree with

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“The average American is hurt by imports and helped by exports.” Do you agree or disagree with this statement?

*6. “An increased scarcity of a product benefits producers and harms consumers. In effect, tariffs and other trade restrictions increase the domestic scarcity of products by reducing the supply from abroad. Such policies benefit domestic producers of the restricted product at the expense of domestic consumers.”

Evaluate this statement.

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Macroeconomics Private And Public Choice

ISBN: 9780538754286

13th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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