The tariff provides an efficient tool for reducing long term unemployment.

Name: The tariff provides an efficient tool for reducing long term unemployment.
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Question

Quizplus · Accepted Answer

Tariffs can lead to higher prices for imported goods, which can increase the cost of production for businesses that use those goods. This can lead to decreased demand for those goods and potentially result in job losses in industries that rely on imports. Therefore, tariffs are not an efficient tool for reducing long-term unemployment.

The Tariff Provides an Efficient Tool for Reducing Long Term