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Question One (a). Excluding tariffs and quotas, describe other protectionist devices. What are they and how do they work? (5 marks) (b). Review the domestic

Question One

(a). Excluding tariffs and quotas, describe other protectionist devices. What are they and how do they work? (5 marks)

(b). Review the domestic market failure argument for trade protection. Provide a critique of the argument. ( 5 marks)

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