You have learned that a subsidy is preferable to a tariff if the objective is to generate

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You have learned that a subsidy is preferable to a tariff if the objective is to generate a given amount of employment in an individual industry. Explain this point in language understandable to someone untrained in economics.

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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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Question Posted: Dec 02, 2015 04:26 AM

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You have learned that a subsidy is preferable to a tariff if the objective is to generate

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The use of a tariff will raise the price of imports of the good and the price of the dome...View the full answer

International Economics

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