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List the arguments in favor of a Free Trade policy and, alternatively, the arguments in favor of a Protectionist policy. Which policy should be adopted,
- List the arguments in favor of a Free Trade policy and, alternatively, the arguments in favor of a Protectionist policy. Which policy should be adopted, and why?
- What is "Import Substitution Industrialization" (ISI)? Should a country adopt an "Import Substitution Industrialization" (ISI) policy or an "Export Led Growth" (ELG) policy and why?
- Use a simple diagram to show how a customs union can cause both trade creation and trade diversion.Why is trade diversion undesirable?
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Essentials of Economics
Authors: N. Gregory Mankiw
8th edition
1337091995, 978-1337515351, 1337515353, 978-1337091992
