Economists would tend to accept which of the following arguments in favour of tariffs?
A) Tariffs are needed to avoid exporting jobs from low-wage countries to high-wage countries.
B) Tariffs are needed to limit imports and reduce the capital flow from the country.
C) Tariffs help to reduce inflation by reducing the price of domestic products.
D) Temporary tariff protection may help to generate an eventual comparative advantage for the protected product.
E) Tariffs will stimulate the domestic economy.
Correct Answer:
Verified
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