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Question: Trading Up The cost of protecting jobs in uncompetitive sectors through tariffs is high: Saving a job in
the sugar industry costs American consumers $826,000 in higher prices a year; saving a dairy industry job costs $685,000 per year; and saving a job in the manufacturing of women's handbags costs $263,000.

a. What are the arguments for saving the jobs mentioned in this news clip? Explain why these arguments are faulty.

b. Is there any merit to saving these jobs?

Microeconomics, Economics

  • Category:- Microeconomics
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