Chapter 21: Q. 40 (page 523)
If trade barriers hurt the average worker in an economy (due to lower wages), why does the government create trade barriers?
Short Answer
To protect the domestic industry and hence the jobs of people dependent on it.
Chapter 21: Q. 40 (page 523)
If trade barriers hurt the average worker in an economy (due to lower wages), why does the government create trade barriers?
To protect the domestic industry and hence the jobs of people dependent on it.
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