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Answer the following questions. In the past two decades, nontariff trade barriers have gained in importance as protectionist devices. What are major nontariff trade barriers?

Answer the following questions.

In the past two decades, nontariff trade barriers have gained in importance as protectionist devices. What are major nontariff trade barriers?

Both Smith and Ricardo contended that the pattern of world trade is determined solely by supply conditions. Explain

How can economies of scale production affect world trade patterns?

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