In evaluating the level of average tariff protection, is it better to use trade-weighted or unweighted tariffs? *We use the textbook: Dennis R. Appleyard and Alfred J. Field, Jr., International Economics, 9th ed.

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Q: Why do governments so often choose to protect favored industries with tariffs? Group of answer…

A: * ANSWER :-   The gains from protection are enjoyed by many while the costs are borne only by a few.

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Q: Domestic Market Supply and Demand: QD = 90 – 3p QS = 2p Find the domestic market equilibrium.…

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