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QUESTION
(a) Distinguish between monetary and fiscal policy, giving examples where appropriate.
(b) Discuss how fiscal and monetary policies might be used by a government during unemployment.
(c) Using hypothetical figures, distinguish between the theories of absolute and comparative advantage.
(d) Explain why a country might impose barriers to trade.
Assume that Deborah Electronics expects a delivery of Fujitsu laptops in a month from a Japanese supplier. Each laptop sells at $1000 in the retail market whereas the import cost i
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