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Answer the following questions

A. Explain how a subsidy on agricultural goods like sugar adversely affects the income of foreign producers of imported sugar.

B. Explain how trade barriers save jobs in protected industries, but only by costing jobs in other industries.

C. Who does protectionism protect? What does it protect them from?

D. Name and define three policy tools for enacting protectionism.

E. How does protectionism affect the price of the protected good in the domestic market?

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Nusrat Fatima
Nusrat FatimaLv10
28 Sep 2019

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Related questions

2.one reason some oppose free trade and the reduction of trade barriers in protectionism, What does old-fashioned protectionism seek to protect? Protectionism traditionally seeks to use trade barriers to protect

A. foreign cultures

B. mature industries

C. domestic jobs

D, us consumers

E. child labot

3. How do property rights affect exterrnalities and market failure?

A, Externalities and market failure will not occur when property rights are incomplete

B, Externalities will be positive and market failure will not occur when property rights are divided equally among market participants

C. Externalities will be positive and market failure will not occur when property rightsare enforced.

D. Externalities and market failure will result from producers having all the property rights.

E.Externalities and market failure will result from the difficulty of enforcing property rights

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