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1. Describe a specific tariff, an ad valorem tariff, and compound tariff. What are the advantages and disadvantages of each?
2. Less- developed nations sometimes argue that the industrialized nations' tariff structures discourage the less-developed nations form undergoing industrialization. Explain.
3. Which of the arguments for tariffs do you feel are most relevant in today's world.
a. Job protection
b. Protection against cheap foreign labor
c. Fairness in Trade: A level Playing Field
d. Maintenance of the Domestic Standard of Living
e. Equalization of Production Cost.
f. Infant - Industry Arugment
g. Noneconomic Agruements
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Crew Brew produces a popular brand of beer in its mini-brewery located on a small river in Wisconsin. It uses a special formula, combined with the fresh water from the local stream, to produce a drink popular with local folks and tourists who visi..
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Use technology and information resources to research economic problems and issues and write clearly and concisely about economic problems and issues using proper writing mechanics.
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