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Define three policy tools for enacting protectionism

Assignment Help Macroeconomics
Reference no: EM132415056

1. How can there be any economic gains for a country from both importing and exporting the same good, like cars?

2. If the removal of trade barriers is so beneficial to international economic growth, why would a nation continue to restrict trade on some imported or exported products?

3. How can governments identify good candidates for infant industry protection? Can you suggest some key characteristics of good candidates? Why are industries like computers not good candidates for infant industry protection?

4. Name and define three policy tools for enacting protectionism.

Reference no: EM132415056

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