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“Tariff,” President-elect Donald Trump has said many times, “is the most beautiful work in the dictionary.”...

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Economics

“Tariff,” President-elect Donald Trump has said many times, “is the most beautiful work in the dictionary.” He uses tariffs as a negotiating tactic to try to force concessions from America’s biggest trading partners and realize the potential to bring back jobs across the US. Select all the correct statements about tariffs. a. Tariffs are the most effective way to protect domestic jobs. b. Tariffs can stifle economic growth by reducing efficiency and innovation. c. Tariffs are a straightforward solution to trade imbalances. d. Different types of tariffs (e.g., specific tariffs, ad valorem tariffs) can have various impacts, but all benefit the economy. e. All the above are correct.

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