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Who Gains and Who Loses from the Imposition of a Tariff

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Essay

Who gains and who loses from the imposition of a tariff on imported goods? How can it be determined whether the net gain from the tariff exceeds the net loss?


Definitions:

Symmetric

Having attributes that are mirrored equally across a central axis or around a central point.

Skewed

A description of a distribution that is not symmetrical, with a majority of data points lying on one side of the mean.

Width

The measurement of the extent of something from side to side, often used in reference to dimensions of objects.

Classes

Categories or groups into which data points or objects are organized based on defined criteria.

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