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Suppose the U.S. government has decided that for national security reasons, it must protect themachine tools...

Suppose the U.S. government has decided that for national security reasons, it must protect themachine tools industry. Name two ways in which the government can accomplish this goal. Which policy would you recommend? Why?

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Answer #1

The government can impose
a) A tariff
b) An import quota

I would recommend a quota as it is more certain in terms of quantity imported.

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