Suppose that a very high tariff was placed on steel imported into the United States. How would that affect employment in the U.S. auto industry? (Hint: Think about how higher steel prices will impact the cost of producing automobiles.) (P.S. Be thorough, please. Thank you

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Chapter15: International Trade And Finance
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Suppose that a very high tariff was placed on steel imported into the United States. How would that affect employment in the U.S. auto industry? (Hint: Think about how higher steel prices will impact the cost of producing automobiles.) (P.S. Be thorough, please. Thank you.)

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