Assume that the sock importing counties are determined to expand their domestic production of socks

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QUESTION:

Assume that the sock importing counties are determined to expand their domestic production of socks. From the point of view of the sock exporting countries, how would you rate each of these three policies that could be used by the sock importers? Why

Subsidies to domestic sock production in the importing countries.

Tariffs on sock imports.

VERs on sock exports?


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