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A surprisingly cold winter damages 80% of the orange trees in Florida, leading to a large increase in orange and orange-juice imports from Latin America.
A surprisingly cold winter damages 80% of the orange trees in Florida, leading to a large increase in orange and orange-juice imports from Latin America. The US government offers bailouts to orange grove owners so they can restore their groves, however it will be a few years until they fully recover. They will be less profitable for several years, to the point that they may have to close their businesses before they can recover. If the US decides to implement a 15% tariff on all incoming orange produce and products for the next 5 years, what would this be called? Group of answer choices A protectionist policy A privatization policy A socialist policy A free-market policy
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