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Evaluate these statements below and state whether it is true or false. a. Raising tariffs will lead to lower prices for consumers. b. High income countries benefit more from trade than low income countries. C. Low income countries want more restrictions on trade to foreign countries. d. Raising tariffs benefit domestic companies who will now face less competition. e. A low income country can benefit more through intra-industry trade than a high income country f. Placing tariffs on foreign goods can counteract the effects of dumping.
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