Which of the following are potentially valid arguments for tariff or export subsidies and which are not ? Explain your answers! a. “The more oil the United States imports, the higher the price of oil

Which of the following are potentially valid arguments for tariff or export subsidies and which are not ? Explain your answers!

a. “The more oil the United States imports, the higher the price of oil will be in the next world shortage”

b. “US Farm exports don’t just mean higher incomes for farmers – they can create higher incomes for everyone who sells goods and services to the US Farm sector”

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