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Chapter 4 6. Explain tariff and its various types. Discuss benefits and weaknesses of Specific and Ad valorem tariff. 7. Discuss in detail the effects

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Chapter 4 6. Explain tariff and its various types. Discuss benefits and weaknesses of Specific and Ad valorem tariff. 7. Discuss in detail the effects of tariff in a large- country setting. 8. Write a note on economic effects of quota. And explain what is VER. 9. Chapter 4 page 118 Questions and problems # 4

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