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O-level Economics june 09 Question 7
- Thread starter dasani
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-Reduces inflationary pressure
-Increases choice for consumers
-Domestic firms try to become more competitive to cope with the foreign firms sales domestically
+ Define what are tariffs and quotas briefly in the opening paragraph. And then explain each of the above points.
-Increases choice for consumers
-Domestic firms try to become more competitive to cope with the foreign firms sales domestically
+ Define what are tariffs and quotas briefly in the opening paragraph. And then explain each of the above points.