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…

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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