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Identify and briefly explain two (2) barriers to imports that the executive team should consider before finalizing their decision. (5 marks) State and explain two
- Identify and briefly explain two (2) barriers to imports that the executive team should consider before finalizing their decision.(5 marks)
- State and explain two (2) fiscal policies that the government may use to close the recessionary gap.(4 marks)
- Use a "real world example" to explain the terms absolute and comparative advantages. (4 marks)
- Discuss three (3) arguments supporting the implementation of "protectionist policies". (6 marks)
- Discuss three (3) benefits of international trade.(6 marks)
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