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Impacts of an import tariff in small nations

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Reference no: EM131645504

Global Economics

Answer the following questions in essay format. Be specific in your answer.

  • Explain the various impacts of an import tariff in small nations vs. large nations.
  • What are the three main reasons governments prefer using a tariff to restrict imports versus quotas?
  • Should our government use a weak dollar exchange rate policy to make imports more expensive in order to help our exporters?
  • What roles do the IMF and WTO play in trade and the use of tariffs?

Reference no: EM131645504

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