Why do governments enact trade barriers
Why do governments enact trade barriers?
Expert
1. They don’t understand the benefits from international trade and see only the damage in certain industries that can’t compete successfully with imports.
2. Political considerations are important because consumers don’t see the effects of a tariff or quota directly, but they do see the impact of import competition on some workers. Also, the benefits of free trade tend to be spread among all consumers, but the benefits of a protective policy are realized almost immediately in the short run by the affected industry may have a large and vocal stake in the outcome.
The market system tends to mainly beneficial allocating resources and distributes goods while: (1) the distributions of wealth and resource ownership are extensively perceived as equitable. (2) markets are extremely competitive. (3) goods are rival an
Illustrate and clarify the economizing problem?
Illustrate the advantage of corporate form of organization?
Briefly describe composite cost of capital? And also describe the procedure to calculate composite cost of capital?
I have a problem in economics on Capitalism-Tightly regulate business. Please help me in the following question. The govt. in a purely capitalist state would not: (1) Find out the property rights. (2) Enforce contracts among private parties. (3) Offer
If the European euro declines in value (depreciates) in the foreign exchange market, would it be easier or harder for the French to sell their wine in the United States? Suppose you were planning a trip to Paris. How would the depreciation of the euro chan
Elucidate Participants in international trade of U.S. and World Trade?
Illustrate Qualification in International Trade?
Question: If a government pegs the value of its currency to another currency, the government must stand ready to i. _________________________ the "hard" currency to defend the pegged value of its own currency. ii.
What are the determinants of supply?
18,76,764
1961691 Asked
3,689
Active Tutors
1458859
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!