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Business, 25.09.2019 07:50 5001Je

The nations of tweedle-dee and tweedle-dum do not trust each other. tweedle-dee is convinced that if it lowers its trade barriers, tweedle-dum will not lower its barriers. therefore, tweedle-dee keeps its trade barriers high. this is an example of the argument in favor of protectionism. national security threat of retaliation infant-industry cheap foreign labor absolute advantage

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