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Explain any four restrictions on international trade

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Reference no: EM132605646

Question a. Distinguish between the following economic concepts with illustrations:

(i) A tariff and a quota

(ii) An ad valorem tax and a specific tax

Question b. Explain any four (4) restrictions on international trade.

Question c. Explain any four (4) fiscal measures that a country can take to solve the problem of persistent balance of payments deficit?

Reference no: EM132605646

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