what is protectionism in terms of economics.

Q: What is dumping? Why is this done?

A: International Trade: The word “trade” exhibits the sale and purchase of goods and services. But if…

Q: Why do countries place restrictions on international trade?

A: Introduction :  The exchange of commodities and services between countries is known as international…

Q: When does a country become an exporter of a good?An importer?

A: International trade occurs when different countries exchange different goods and services with each…

Q: Protectionism uses tariffs as trade barriers? True or False

A: Protectionism is a policy implemented by the country to restrict the trade with the rest of the…

Q: Why is it difficult to set international prices?

A: It is observed that when a company operates internationally it has to set its price and product on…

Q: how do trade agreements affect the US economy?

A: Trade agreements are defined as contractual agreements between states or countries concerning their…

Q: Who does protectionism protect? From what does it protect them?

A: International trade brings out a positive impact on the economies as they help in growing the…

Q: Why do economists oppose policies that restrict trade among nations?

A: International trade allows nations to interact with one other in the form of export-import of goods…

Q: liberalization and protectionism

A: Liberalization :- liberalization is the removal or reduction of restrictions or barriers on the free…

Q: How do you think trade between the United States and a poorer nation affects the workers in the…

A: International trade is the exchange of goods, services, labour, and other commodities across…

Q: If a certain trade is good for one country, it must be good for the other country?

A: Trading activities benefit all participants. Trade must occur according to the comparative advantage…

Q: What measures do governments take to promote exports and restrict imports? Who benefifits and who…

A: There are various measures taken by the government to control imports and promote exports, which…