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  • Card 13 / 16:
    How do trade barriers affect the average income level in an economy?

    Since trade barriers raise prices, real incomes fall. The average worker would also earn less.

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Source:  OpenStax, Macroeconomics. OpenStax CNX. Jun 16, 2014 Download for free at http://legacy.cnx.org/content/col11626/1.10
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