36. What is the solution to the political problem associated with international trade? a) negotiate better trade agreements b) make sure the trade is mutually beneficial – beneficial to both countries c) protect domestic industries against job losses due to imports d) at a minimum, assist those who lose their jobs due to imports, to retrain and get reemployed in other industries. e) compensate those who end up net losers as a result of the trade f) improve the competitiveness of domestic industries to reduce dependence on foreign imports h) impose tariffs on imported goods

Answered: What is the solution to the political…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter34: Globalization And Protectionism

Section: Chapter Questions

Problem 52CTQ: In principle, the benefits of international trade to a country exceed the costs, no matter whether...

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36. What is the solution to the political problem associated with international trade?

		a) negotiate better trade agreements
		b) make sure the trade is mutually beneficial – beneficial to both countries
		c) protect domestic industries against job losses due to imports
		d) at a minimum, assist those who lose their jobs due to imports, to retrain and get reemployed in other industries.
		e) compensate those who end up net losers as a result of the trade
		f) improve the competitiveness of domestic industries to reduce dependence on foreign imports
		h) impose tariffs on imported goods

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The exchange of goods and services from one country to another is called trade.

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