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If a Small Country Is Protecting Its Industry That Might

Question 55

Multiple Choice

If a small country is protecting its industry that might mean that:


A) tariffs are necessary because otherwise wages in the small country will be very low.
B) tariffs are necessary to protect employment in the small country.
C) workers in other countries are more productive than workers in the small country.
D) it is too small to be able to achieve economies of scale in this industry.

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