Elucidate the various trade which enacted by governments
Elucidate the various trade which enacted by governments?
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1. Protective tariffs are excise taxes or duties on imported goods. Governments enact these tariffs to protect domestic producers by making foreign goods more expensive.
2. Import quotas are maximum limits on the number or total value of specific imports. Once quotas are filled, no more imports are allowed into the country.
3. Nontariff barriers include licensing requirements, unreasonable standards, and unnecessary bureaucratic “red tape.”
4. Governments have used export subsidies to promote the sale of products aboard.
Of the given options, the economist whose theories pivoted least upon the distribution of income and wealth (class conflict) in a capitalist system would have been: (1) Adam Smith. (2) David Ricardo. (3) Karl Marx. (4
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Payments for the use of land, capital and labor are respectively termed as: (w) rent, wages and profits. (x) rent, interest and wages. (y) dues, profits and depreciation. (z) fruit, profits and money. Q : Contestable Markets The least probable The least probable of the given industries to be a contestable market is: (1) video rentals. (2) pizza delivery. (3) cable television. (4) trucking. Can someone explain/help me with best solution about problem of <
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