Protectionist trade policies are often enacted with the, Microeconomics

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Protectionist trade policies are often enacted with the

Protectionist trade policies are often enacted with the political intention of strengthening exports, and hence GDP. Examples of protectionist trade policies include quotas and import taxes.

1. What is the impact on overall GDP?

2. What is the impact of the protectionist trade policy on the real exchange rate (suppose we are using the US an as example, and the US has enacted some protectionist policies)?

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Microeconomics: Protectionist trade policies are often enacted with the

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Microeconomics: Protectionist trade policies are often enacted with the

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