Understanding Business
Understanding Business
11th Edition
ISBN: 9780078023163
Author: William G Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
bartleby

Concept explainers

Question
Book Icon
Chapter 3.5, Problem 13TP
Summary Introduction

To determine: The advantages and disadvantages of trade protectionism and of tariffs.

Introduction:

Trade protectionism refers to a regulation which limits the import and export of goods and services in a country. This regulation protects the global trade from unfair trade practices.

Blurred answer
Students have asked these similar questions
What types of situations might prompt the U.S.government to implement protectionist measures?
Explain why free trade is important and what the differences between competitive and absolute advantage are.
How does global trading affect its participants? Specifically, how does each trade action impact the gains and losses to consumers, producers, and government?
Knowledge Booster
Background pattern image
Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College