6. Tariffs and quotas restrict trade and reduce the ability of domestic producers to specialize in those

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6. Tariffs and quotas restrict trade and reduce the ability of domestic producers to specialize in those areas for which their comparative advan tage is greatest. Essentially, they are subsidies to producers (and workers) in protected industries at the expense of (a)

consumers and

(b) producers (and workers) in export industries.

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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