Trade restrictions tend to reduce competition and increase prices for consumers.
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Q13: It is possible for a high-wage country
Q14: Comparative advantage underlies the gains from trade
Q15: According to the principle of comparative advantage,
Q16: If Canada and Mexico have identical opportunity
Q17: When compared to quotas, tariffs have a
Q19: To maximize its gains from trade, the
Q20: Assume that wages in the U.S. are
Q21: According to the principle of comparative advantage,
Q22: If you travel in a Boeing 777
Q23: Canada, Japan, and Mexico are the leading
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