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Econ 4th Edition by William McEachern
Edition 4ISBN: 978-1285423548Econ 4th Edition by William McEachern
Edition 4ISBN: 978-1285423548 Exercise 3
IMPORT SUBSTITUTION VERSUS EXPORT PROMOTION Explain why domestic producers who supply a good that competes with imports would prefer an import-substitution approach to trade policy rather than an export-promotion approach. Which policy would domestic consumers prefer and why?
Explanation
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Import substitution policy:
Import subs...
Econ 4th Edition by William McEachern
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