Both Liang's and Greenaway and Milner's approaches to trade policy are problematical because
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Both Liang's and Greenaway and Milner's approaches to trade policy are problematical because
please select one or more :
a) They fail to appreciate the selective nature of trade policies
b) The promotion of non-traditional exports can be financed by taxing traditional exports
c) import substitution policies must cover all imported commodities
d) import substitution and export promotion policies cannot be implemented together
e) A reduction in the production of non-tradables may not be possible
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