=+a. Tariffs and import quotas promote economic in- efficiency and reduce the real income of a nation.

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=+a. "Tariffs and import quotas promote economic in- efficiency and reduce the real income of a nation. Economic analysis suggests that nations can gain by eliminating trade restrictions."

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Microeconomics Private And Public Choice

ISBN: 9780324320367

11th Edition

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

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