Assume that the state of Missouri decided to place a tariff on every product produced outside the state in an effort to increase the state's revenue and increase employment in the state. If Missouri did so,
A) the prices of goods imported into Missouri would fall.
B) the state's total output would definitely increase.
C) the standard of living within Missouri would decrease.
D) workers with jobs in new firms replacing out-of-state imports would earn high income.
E) other states would begin to dump in Missouri.
C
Economics
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