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A Common Argument for the Use of Tariffs When the Objective

Question 58

Multiple Choice

A common argument for the use of tariffs when the objective is to maximize a country's national income would be to


A) subject infant industries to the discipline of the market.
B) improve the country's terms of trade.
C) increase the prices of domestic exports.
D) prevent learning- by- doing by potential trade partners.
E) enjoy the advantages of diversification.

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