Suppose you are examining a small open economy with a large negative trade balance. Describe briefly the
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Suppose you are examining a small open economy with a large negative trade balance. Describe briefly the key pros and cons for this country if it decides to introduce a set of restrictions on international trade in order to achieve a situation when exports=imports. What might be the long-term implications of such restrictions? Feel free to make any reasonable assumptions, if necessary!
Related Book For
Macroeconomics
ISBN: 978-1464168505
5th Canadian Edition
Authors: N. Gregory Mankiw, William M. Scarth
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