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1. Explain three things you have learnt from chapter 2. What is the difference between a tariff and quota? Give an example, other than a

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1. Explain three things you have learnt from chapter 2. What is the difference between a tariff and quota? Give an example, other than a quota of a nontariff barrier to trade. 3. When a country imposes a tariff or a quota on a good, who gains and who loses - please answer this question after studying your book. 4. Explain the reasons why countries restrict trade

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