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Suppose a small country, Country X, decides to impose a quota on fossil fuel imports to meet net zero carbon emissions targets.Question 1a Analyse the
Suppose a small country, Country X, decides to impose a quota on fossil fuel imports to meet net zero carbon emissions targets.Question 1a Analyse the economic impacts and welfare changes with diagrams. How does this differ if Country X is a large country? (Note: There is no need for numerical illustrations here. In other words, exact numbers are not required.) (Word limit: 450 words)
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