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Published byRudolph Washington Modified over 8 years ago
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Quotas A quota is a quantity limit on the import of a good. D S Pe Qe Quota P1 USA market for NZ lamb D S Pw Qnz Q total Pe Qe New USA price Quota
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Red tape/ regulations Placing obstacles in the way of another nations exports. E.g the EEC made it more difficult for NZ producers to sell their meat in European markets by continually changing the hygiene regulations that they had to meet before being allowed to sell their products in Europe. This increased costs in freeing works in NZ.
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Subsidies Subsidising production effectively lowers cost and allows them to complete more effectively against cheaper imported goods. Locally made goods become relatively more cheaper and so consumers demand more locally made goods and less imported goods. D S Pe Qe S’ P1 Q1 NZ market for locally made shoes
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