Thursday, January 5, 2012

What is the dying industry argument for establishing barriers to imports? what are its merits and weaknesses?

What is the dying industry argument for establishing barriers to imports? what are its merits and weaknesses? what measures are more efficient that an import tariff if the intention is to help workers who would be displaced from a dying industry? why? what measures are more efficient that an import tariff if mantaining current production levels is the intention of government policy?

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