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Inverse BOP correct; tariff barrier makes imports costlier restricts trade.
Ref: NCERT Economics Class XII Chapter 6 Balance of Payments explains BOP current capital account tariff quota exchange rate IMF concepts.
Market economy is capitalism; production based on demand, private ownership.
Ref: NCERT Economics Class XI Chapter 1 Introduction to Microeconomics explains central problems scarcity choice PPC opportunity cost concepts clearly.
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