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Tariffs result in a loss of national social welfare because Select one: a.domestic consumption decreases and domestic production increases. b.domestic consumption increases and foreign production
Tariffs result in a loss of national social welfare because
Select one:
a.domestic consumption decreases and domestic production increases.
b.domestic consumption increases and foreign production increases.
c.foreign consumption decreases and domestic production decreases.
d.domestic consumption increases and domestic production decreases.
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