5. Explain what will happen if the Government of India puts a heavy tax on the import of Chinese toys
Give three points.
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Answer:
If Government of India puts a heavy ban on the import of Chinese toys then, Due to the heavy import duties on the Chinese toys, these toys will become expensive in the Indian markets. Chinese toys will no longer remain cheap and therefore their import from China will automatically reduce.
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- it will create a problem in economy
- will be bad for indian customer
- it effect bad to indian economy
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