Economists would tend to accept which of the following arguments in favour of tariffs?
A) Tariffs are needed to avoid exporting jobs.
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 in some situations may help to generate an eventual comparative advantage in that product.
E) Tariffs will stimulate the domestic economy.
Correct Answer:
Verified
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