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Author Question: Assume that the state of Missouri decided to place a tariff on every product produced outside the ... (Read 94 times)

JGIBBSON

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Assume that the state of Missouri decided to place a tariff on every product produced outside the state in an effort to increase the state's revenue and increase employment in the state. If Missouri did so,
◦ the state's total output would definitely increase.
◦ workers with jobs in new firms replacing out-of-state imports would earn high income.
◦ the standard of living within Missouri would decrease.
◦ other states would begin to dump in Missouri.
◦ the prices of goods imported into Missouri would fall.


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Marked as best answer by JGIBBSON on May 24, 2019

fraziera112

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