What is meant by direct controls and trade controls, International Economics

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What is meant by direct controls and trade controls

Problem

What is meant by direct controls? trade controls? exchange controls? Explain how the most important forms of trade and exchange controls operate to affect the nation's balance of payments.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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