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Instruments of Trade Policy Evaluatetheeffectsofan importtariff by the government of a small country. Explain in detail the effects of an import tariff on the economic
Instruments of Trade Policy
- Evaluatetheeffectsofan importtariff by the government of a small country. Explain in detail the effects of an import tariff on the economic welfare of the small country. (6 marks)
- Describe the potential advantages to the economy if the government offers an export subsidy (5 marks)
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