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Suppose you have two scenarios, one which is pro-trade and one that is anti-trade. The pro-trade scenario improves welfare in your country and in poor
Suppose you have two scenarios, one which is pro-trade and one that is anti-trade. The pro-trade scenario improves welfare in your country and in poor countries, but it slightly worsens income distribution in your country. The protectionist scenario reduces welfare slightly in your country and in poor countries, but somewhat improves income distribution in your country. Which policy would you advocate and why?
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