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1: Trade Policies Between Country X and Country Y Tariff Barrier: Country X has imposed a 20% tariff on all imported laptops. a) Examine the
1: Trade Policies Between Country X and Country Y Tariff Barrier: Country X has imposed a 20% tariff on all imported laptops. a) Examine the consequences of this tariff on the trade flow between the two countries. b) Determine the potential impact on consumers and producers in both countries. Non-Tariff Barrier: 2. Country Y implements strict quality control regulations for imported smartphones. a) Assess the implications of this non-tariff barrier on smartphone trade between the two countries. b) Discuss the potential benefits and drawbacks of implementing non-tariff barriers in this context. With References
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