Which of these would most likely be the reason for a country to refuse to cooperate with international fishing limits? A. to avoid high tariffs in imports B. to encourage international trade C. to guard economic self-interests D. to protest environmental pollution

Q: True/ False What is the advantage of involving in international trade for a nation.

A: The definition of international trade is the transfer of products, capital, and services across…

Q: Explain natural resources and climate as reasons for international trade

A: Natural resources represent 20% of world trade and rule the fares of numerous nations. Strategy is…

Q: What does national security have to do with trade barriers?

A: A tariff is a tax levied on goods imported, and a quota is a quantitative limitation on goods…

Q: Discuss the advantages and disadvantages in participating in international trade

A: International trade takes place when the countries interact with each other and transport goods and…

Q: What is the national interest argument for protectionism with regard to certain products?

A: The national interest argument for protectionism holds that it is not wise to import certain key…

Q: True/ False  International trade can leads to a enhancement in the product available for the…

A: International trade refers to the exchange of goods and services across borders or between…

Q: Describe how protectionism affects the price of the protected good in the domestic market?  Who ends…

A: In order to defend their home nations against international competition, businesses often adopt a…

Q: Describe the various types of political controls on international trade. Be sure to highlight the…

A: Various political controls on international trade are: Quotas : Quotas are restrictions which are…

Q: Explain why the arguments for tariffs may be valid in the cases of dumping and infant industries.

A: Tariff can be defined as the barrier that is imposed on the imports of goods and services.

Q: What are the basic reasons for protectionism existing in the trade histories of all nations?

A: Protectionism refers to the situation where the domestic country restrict the imports through…

Q: Explain the impact of intra and inter-industry trade on a country;

A: Intra industry trade implies trading based on comparative advantage ie lower opportunity cost would…

Q: Why is it easier to identify the costs than the benefits of international trade?

A: International trade refers to the exchange of goods and services between nations. It includes…

Q: Who benefits from tariffs? Government or domestic industries?

A: Tariffs refer to the government policy to restrict the imports of goods and services in the economy.

Q: What is the rationale for international trade? Provide a critical assessment of traditional and…

A: Trade is the exchange of goods, services, or capital between two or more countries or parties. It…

Q: Explain how and why the GATT was created and what its historical role in international trade is.

A: GATT is set of multilateral trade agreements aimed at the abolition of quotas and the reduction of…

Q: Difference between Inter-regional and International Trade? 200 to 300 words paragraph

A: Answer: Nonetheless, there are several reasons to believe that international and interregional…

Q: QUESTION 4 In the graph below, the quantity of imports before and after imposing a $2 tariff would…

A: A tariff refers to the tax imposed by a government on commodities and services imported from other…

Q: Cars imported into the United States must have certain safety features to be allowed on highways and…

A: Economist argue that the world resources are better utilised if the trade is free among the…

Q: international trade.

A: Trade restrictions are restrictions imposed on trade for domestic country’s growth and security.…

Q: What steps/measures are taken by the governments or economies to facilitate international trade?

A: International trade refers to the exchange of goods, services, capital, and assets that occurs…

Q: What is the rationale for international trade? Give a critical assessment of traditional and modern…

A: The exchange of commodities and services across international borders is termed ‘international…

Q: Countries use a variety of ways to protect their trade. One way is to enact tariffs, which tax…

A: The 1930 Smoot-Hawley Tariff Act constituted an important event in the history of the United States…

Q: Which of the following is not a trade barrier? Group of answer choices A. Absolute advantage B.…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…