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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 816 |
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A country’s debts are usually judged in comparison to their assets. (Colander, 2006) The simulation involved certain aspects of such when corn was considered to be in excess from importation. Surpluses were also identified when one country was considered dumping their imports of watches onto the country of Rodamia...
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Surpluses were also identified when one country was considered dumping their imports of watches onto the country of Rodamia. This endangered the local watch industry as prices from the imported watch goods were undercutting the local market. In order to level the excess, tariffs were set. Protectionism was also discussed as fledgling markets of Rodamia, such as corn, was in need of growth...
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