6. The potentially valid arguments for tariff protection are also the most easily abused. (a) What are

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6. “The potentially valid arguments for tariff protection are also the most easily abused.”

(a) What are these particular arguments?

(b) Why are they susceptible to abuse?

(c) Evaluate the use of artificial trade barriers, such as tariffs and import quotas, as a means of achieving and maintaining full employment. [LO19.3]

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Microeconomics

ISBN: 9781108420969

15th Canadian Edition

Authors: Campbell R. Mcconnell, Stanley L. Brue, Sean M. Flynn, Thomas P. Barbiero

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