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a. If tariffs, quotas, and subsidies each cause net welfare losses, why are they so common, especially in agriculture, among the industrialized countries such as
a. If tariffs, quotas, and subsidies each cause net welfare losses, why are they so common, especially in agriculture, among the industrialized countries such as the United States and the members of the European Union.
b. Suppose workers involved in manufacturing are paid less than all other workers in the economy. What would be the effects on the real income distribution within the economy if there were a substantial tariff levied on manufactured goods.?
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