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Unformatted text preview: other countries. To some, it is all about how much money they can make, and not about how much money citizens lose when they lose their jobs due to outsourcing. While setting higher tariffs may cause some larger multinational companies to stop some of their trading over higher taxes and quotas these companies, this reduces some of the competition, allowing for smaller companies to remain while providing jobs for those people all at once. This idea is basically a trade off on its own and is actually kind of ironic. One other advantage of higher tariffs is that the prices of imported goods will become higher. This will typically cause people to opt for local products instead which will also help to stimulate local economies....
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This note was uploaded on 02/11/2011 for the course XECO 212 taught by Professor Cohen during the Fall '10 term at University of Phoenix.
- Fall '10