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All else being equal, if a nation decided to intervene in free trade anyways, which of...

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General Management

All else being equal, if a nation decided to intervene in freetrade anyways, which of the following policy options would be mostbeneficial to the country and which would be the least beneficial?Please explain your answer clearly for full credit: Tariffs, Quotasand Voluntary Export Restraints (3 points)

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Tariffs It refers to imposing certain amount of tax by a country on imported goods Quotas It refers to restricting the quantity of goods that can be imported in the country Voluntary export restraints VER It refers to voluntary restriction of type and quantity of goods exported by a country to avoid the tariffs and quotas of importing country In tariffs once    See Answer
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