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What are some of the economic effects of a tariff? O Wealth is redistributed from wealthy nations to poor nations, and taxes fall. A decrease
What are some of the economic effects of a tariff? O Wealth is redistributed from wealthy nations to poor nations, and taxes fall. A decrease in trade reduces the productivity of capital and labor. O Trade remains the same in the long run, and GDP rises in the nation that enacts the tariff. O Unemployment and inflation rates both fall
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