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Write short notes on the following: a. The reasons behind choosing a quota on imports rather than a unit or ad valorem tariff as a
Write short notes on the following:
a. The reasons behind choosing a quota on imports rather than a unit or ad valorem tariff as a protective policy instrument.
b. The rationale and nature of trade which might arise between countries with same technological level and similar factor endowments, i.e., labor and capital
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