Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 24 - International Trade - Discussion Questions: 7

Answer

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Work Step by Step

There are many reasons that people argue to protect the country by adding tariffs and quotas. One reason is that reducing imports allows the country's own companies to thrive. Another argument, which is perhaps weaker, is that foreign countries threaten national security.
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