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Tariff and taxation policies, import quota system, subsidies and other controls
adopted by India are not the same as that in the Netherlands. The difference
highlighted is___________________.
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Explanation:
- highlighted:- Because tariffs increase the cost of imported goods and services, they make them less attractive to domestic consumers.
- difference:- Highly restrictive quotas coupled with high tariffs can lead to trade disputes and other problems between nations.
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