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Q: What happens when a country reduces tarrifs?
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Does imposition of tarrifs lead to an overall welfare gain for the country?

no


Why are tarrifs barriers to trade?

why are quotas and tariffs called barriers


Why was the north for tarrifs?

because they get money from it


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1. Shipping Quotas 2. Subsdizing goods made in their own country 3. Import Taxes (Tarrifs)


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