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Despite the advise of economists, we all know that almost every country protects its domestic producers from foreign competition. Within the context of this chapter:

Despite the advise of economists, we all know that almost every country protects its domestic producers from foreign competition. Within the context of this chapter: a) Please describe the various forms of trade restriction and protectionist policy.

b) Provide valid arguments to justify these trade restrictions.

Give all correct answer with explanation in details

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