Economics 600 words Question C2 a) Do you think that if the UK will introduce tariffs on imported goods from the EU, domestic prices in the UK will increase leading to high unemployment? Explain your answer. (8 marks) b) If in a country tariffs are already in place as a trade policy, why might this country use also nontariff barriers as another way to control the trade they conduct with another country? (7 marks) c) What causes the Foreign-export supply curve for a large country to slope upward?

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Answer 1 Yes If the UK will introduce tariffs on imported goods from the EU domestic prices in the UK will increase leading to high unemployment because governments want to protect domestic producers ... View the full answer