Why might use of a tariff to decrease aggregate unemployment

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Reference no: EM131917640

Problem

1. Why might the use of a tariff to decrease aggregate unemployment in a country eventually generate an increase in aggregate unemployment in that country?

2. You have learned that a subsidy is preferable to a tariff if the objective is to generate a given amount of employment in an individual industry. Explain this point in language understandable to someone untrained in economics.

Reference no: EM131917640

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