Demonstrate why economists argue that, from a country welfare perspective, a domestic subsidy is preferable to a tariff for assisting a particular industry. Use either a partial or a general equilibrium model to support your argument.

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The Answer of Demonstrate why economists argue that, from a country welfare perspective, a domestic subsidy is preferable to a tariff for assisting a particular industry. Use either a partial or a general equilibrium model to support your argument.

Demonstrate Why Economists Argue That, from a Country Welfare Perspective