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Tariffs And Trade Restrictions To Save Jobs
Beginning of paper
Pick up a newspaper, especially during a recession or other high unemployment times, and you will probably find at least one article a month about an industry complainig about "unfair" competition from foreign suppliers. If foreign brands were restricted in supply, the argument goes, this would leave more of the American market to Ameri .... Middle of paper
.... competition. Tariffs are a monetary tax on each unit of an imported commodity. Quotas are a numerical limit on the annual quantity of particular imports. A more subtle form of protectionism is the minimum quality standard. In the generally rare cases in which the market cannot regulate product quality on its own, the government is justified in establishing such standards. However, this can be abused by requiring imports to meet higher and c ....
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Number of words: 1241
Number of pages: 5 (approx. 250 words per double-spaced page)
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