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Economics A Level (DONEEEEEEE)
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Pregunta:
How can Protectionism affect Imports and Exports
Autor: eric_galvaoRespuesta:
-Short Run will see Tariffs and Quotas [Reduces Imports] increase Net Exports as Imports fall -But in the Long Run, Firms that are Protected from International Competition will be Less Efficient as there’s less Competitors -Other Nations may also want to have Tariffs and Quotas.
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