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ECONOMICS-2015: Daily Answer Writing Challenge -28

ECONOMICS-2015: Daily Answer Writing Challenge – 28

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  1. How is subsidy better than tariff to achieve domestic objectives?
  2. “For most developing nations fighting persistent balance of payments crisis and inflationary crisis, monetary contraction is a better option.” Do you agree?
  3. Why are trading blocs formed ? Explain the welfare impact of such trading blocks for non-member countries