Economy, asked by merandeepsingh247, 24 days ago

Ques:- After reviewing recent tariff measures introduced by the US, explain the main retaliatory measures taken by China against American protectionist policy? Who have been affected by those retaliatory measures in the US? Briefly explain your response (4 marks).

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Answers

Answered by Anonymous
0

hey mate here is your answer

International economics

International economics Various arguments are used against protectionism. These include: Inefficiency of resource allocation in the long run - the imposition of tariffs, or other protectionist measures, in the long run results in losses of allocative efficiency.

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