Why would the establishment of protective trade barriers be a poor way of protecting workers in domestic industries?

Q: Protecting automobile manufacturers from international competition is often about protecting the…

A: Tariff and quota are two most sought-after policies adopted by the government when it comes to…

Q: What is the argument against protectionism?

A: Free trade and protectionism are the two important views in international trade.

Q: When a country opens to trade, people working in industries producing goods that the country exports…

A: Answering the follow up question. Free trade refers to the exchange of goods and services between…

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: Should countries in financial distress be permitted to install temporary tariff and nontariff…

A: Tariffs are direct taxes levied on commodities. Non-tariff barriers, on the other hand, are placed…

Q: What does this mean " the price discrimination by dumping"?

A: Answer: Discrimination known as dumping is a puzzling form of discrimination. When a country's or…

Q: Explanation of why government try to enhance and restrict trade.

A: Different government policies suggest different restrictions on international trade. Here are some…

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: Argue the case for and against the imposition of a general tariff on all imports.

A: Tariffs are a kind of taxes that can be imposed on goods that enter or leave the geographical…

Q: True/False  International trade have a negative impact on the domestic producer of an economy.

A: The exchange of products and services between various nations or areas throughout the world is…