Impacts of import tariff in small nations vs. large nations

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Reference no: EM131196287

Answer the following questions in essay format. Be specific in your answer.

Explain the various impacts of an import tariff in small nations vs. large nations.

What are the three main reasons governments prefer using a tariff to restrict imports versus quotas?

Should our government use a weak dollar exchange rate policy to make imports more expensive in order to help our exporters?

What roles do the IMF and WTO play in trade and the use of tariffs?

Reference no: EM131196287

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