Solved: Define the four basic types of trade barriers, Microeconomics

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Define the four basic types of trade barriers

Questions:

Question 1

Define the four basic types of trade barriers. b) Who gains and who loses from a protective tariff?

Question 2

Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate? b) Explain what is meant by a built-in stabilizer and give two examples.

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Microeconomics: Define the four basic types of trade barriers

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