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Consider a domestic firm that manufactures golf putters in which the firm's primary input is high quality German steel. A tariff on steel will ______________
Consider a domestic firm that manufactures golf putters in which the firm's primary input is high quality German steel. A tariff on steel will ______________ the golf club manufacturer by _______________________. benefit; decreasing the cost of American steel. harm; lowering the world price of steel. harm; increasing the cost of production. benefit; increasing demand for their product
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