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QUESTION 1. Critically discuss the arguments for restricting trade and provide counter-arguments for not restricting it.
QUESTION 2."We should protect our industries from being undercut by imports produced using cheap labour". Critically examine the correctness (or otherwise) of this statement and discuss its policy implications.
Answer all the questions, using essay format. Each essay should contain no more than 3000 words. Evidence of research and coherent analyses will be rewarded. Application of appropriate theories and diagrams will be rewarded. Coherent and logical arguments and applications of appropriate theoretical concepts/ diagrams will be rewarded.
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