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Production possibilities curve and j-curve

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Reference no: EM132415078

(a) Explain the similarities between production possibilities curve and J-curve. 

(b) Explain the differences between import tariff and import quota within the context of international trade.

(c) "J-Curve has a better prospects compared to Heckscher-Ohlin Model within the context of international trade". Discuss the statement.

Reference no: EM132415078

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