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Suppose that you have been appointed as an advisor to the Malaysian government on matters related to international trade. The government is considering whether to
Suppose that you have been appointed as an advisor to the Malaysian government on matters related to international trade. The government is considering whether to impose an import tariff or quota to protect the domestic automobile industry. As an advisor, you have to highlight the similarities and differences between the imposition of import tariffs and import quotas when there is a decrease in the supply of the product. Use appropriate diagram/s in your analysis.
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