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After studying this chapter, you should be able to:
7.1 Understand the nature of government intervention.
7.2 Know the instruments of government intervention.
7.3 Explain the evolution and consequences of government trade intervention.
7.4 Describe how firms can respond to government trade intervention.
7.5 Understand regional integration and economic blocs.
7.6 Identify the leading economic blocs.
7.7 Understand and explain the advantages and implications of regional integration.
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