Business, 24.03.2020 01:25 kevin1015wangoudf1t

The government of the Republic of Senna enforces tariffs and quotas to limit imported goods, while exports are subsidized. By using these instruments, the government seeks to achieve a surplus in the balance of trade. Based on this information, which approach most influences the Republic of Senna’s approach to international trade?

a. Multiple Choice
b. product life-cycle theory
c. new trade theory
d. Heckscher-Ohlin theory
e. theory of absolute advantage
f. mercantilism

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The government of the Republic of Senna enforces tariffs and quotas to limit imported goods, while e...

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