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Countries can use a variety of policies to restrict trade. Match the following examples to whether they refer to tariffs, quo

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Answer #1

A=3

B=1

C=2

reason-

Tariff is when tax is imposed on the import in thia case 10%.

Quota is when there are restrictions in quantity produced in this case 20% .

When restrictions involving safety standards is imposed, they are called non trade barriers.

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