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The ministry had just started implementing policies to improve Ghana's trade position with the rest of the world. For your first assignment, the deputy minister
The ministry had just started implementing policies to improve Ghana's trade position with the rest of the world. For your first assignment, the deputy minister has asked you to write a paper on the costs and benefits (welfare analysis) associated with increasing exports with subsidies or reducing imports with tariffs.
1.) Assuming Ghana is a big country, use the appropriate graphs to analyze the issue presented to you. Your analysis should include the static and dynamic effects of the two policies
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