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Apr 06, · Campaigns like 'Buy British' were surprisingly prominent, but, ultimately failed to make any real dent in the trade deficit. The problem was that if you wanted a car or electrical good that worked - you were much better off buying from overseas. If we made jokes about Skodas and Ladas in the s, British Leyland was the butt of many jokes Oct 28, · The scheme will give a cap to polluters – this is the amount of pollution that can be created without cost. If polluters go above this ‘free’ cap, they have to buy allowances on the market for permits. The scheme set the initial carbon allowances to 3 -5 billion tones per year; Related. Anti-pollution measures; Carbon trading schemes Jun 17, · Removing tariffs enables us to buy cheaper imports; Free trade encourages greater competitiveness. Through free trade, firms face a higher incentive to cut costs. For example, a domestic monopoly may now face competition from foreign firms. The law of comparative advantage states that free trade will enable an increase in economic welfare. This
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