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Country C is a small economy that specializes in the production of luxury watches. To expand its market share, the government is considering a policy
Country C is a small economy that specializes in the production of luxury watches. To expand its market share, the government is considering a policy that would allow watch manufacturers easier access to foreign markets. Which policy would be most effective for this purpose? Question 8Answer a. Increasing subsidies to local watch manufacturers b. Introducing quotas on watch imports c. Negotiating bilateral trade agreements with potential export destinations d. Raising taxes on luxury goods
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