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(1) The concept of International Trade is a vital trade for Countries both developed/developing Countries. Discuss. (2). Give reasons why the government of a Nation may impose tariffs. (2b) Outline other various types of alternative barriers to a standard tariff and explain what they stand for. (3) Differentiate between the Balance of payment and the Balance of trade ii What are the components that make up of balance of trade and balance of payments? iii. Do the International Trade benefits outweigh the Domestic Trade Justify
Formula for calculating unemployment?