Question

Which theories of trade support government intervention in trade? Name them and briefly discuss their rationale...

Which theories of trade support government intervention in trade? Name them and briefly discuss their rationale for supporting government intervention.

Homework Answers

Answer #1

ans:Governments erect trade barriers and intervene in other ways that restrict or alter free trade. Protectionism refers to trade and investment barriers applied with the aim of defending domestic markets and industries. ... Subsidies are financial or other resources that a government provides to a firm or group of firms.

Governments undertake intervention to achieve several goals, including: to generate revenue, to achieve policy objectives, and to protect or support the nation's citizens or private firms.

The government tries to combat market inequities through regulation, taxation, and subsidies. Governments may also intervene in markets to promote general economic fairness. Maximizing social welfare is one of the most common and best understood reasons for government intervention.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Name and describe three rationales for government intervention in markets. Provide one example of each rationale...
Name and describe three rationales for government intervention in markets. Provide one example of each rationale in health insurance or health care markets.
1) Is redistribution of income considered a rationale for the intervention of government in the market...
1) Is redistribution of income considered a rationale for the intervention of government in the market process in the United States? Explain
list and briefly discuss RESILIENCY FACTORS in crisis intervention.
list and briefly discuss RESILIENCY FACTORS in crisis intervention.
Name and briefly describe three theories to explain the rapid diversification of animals in the Cambrian...
Name and briefly describe three theories to explain the rapid diversification of animals in the Cambrian explosion 542 million years ago.
what is political theory? and briefly discuss any two theories of politics?
what is political theory? and briefly discuss any two theories of politics?
Taxation, government intervention, supply and demand, and economic growth: Discuss the relationship between taxation, government intervention,...
Taxation, government intervention, supply and demand, and economic growth: Discuss the relationship between taxation, government intervention, and supply and demand and its relationship to economic growth. How do theese economic relationships differ between the United States economy and the economy in China? What advise would the United States be able to give China in order to increase these areas and grow their economy further?
Around the environment of the companies; discuss the criteria of equity vs. good efficiency criteria and...
Around the environment of the companies; discuss the criteria of equity vs. good efficiency criteria and the why of government intervention. (Use theories to support the answer)
discuss legal and ethical issues related to administration of the medication.provide a rationale to support your...
discuss legal and ethical issues related to administration of the medication.provide a rationale to support your response evidence base response
Write a paragraph for the following question. Support your explanation with economic theories. Should the government...
Write a paragraph for the following question. Support your explanation with economic theories. Should the government tax cigarettes and soda?
Briefly explain the purpose of consolidated financial statements and discuss fully the rationale behind the requirement...
Briefly explain the purpose of consolidated financial statements and discuss fully the rationale behind the requirement for the Group to prepare a set of consolidated financial statements.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT
Active Questions
  • Management claims the mean income for all senior-level assembly line workers at 3M equals $700 a...
    asked 25 minutes ago
  • Frederick Company has two service departments (Cafeteria Services & Maintenance). Frederick has two production departments (Assembly...
    asked 34 minutes ago
  • The number of "destination weddings" has skyrocketed in recent years. For example, many couples are opting...
    asked 39 minutes ago
  • A six-lane multilane highway (three lanes in each direction) has a peak-hour factor of 0.90, 11-ft...
    asked 41 minutes ago
  • In the sum A→+B→=C→, vector A→ has a magnitude of 13.9 m and is angled 37.5°...
    asked 1 hour ago
  • A restaurant association says the typical household spends a mean of ​$3217 per year on food...
    asked 1 hour ago
  • For the following statements, choose between: false dilemma, slippery slope, begs the question, appeals to ignorance,...
    asked 1 hour ago
  • What are the channels of distribution with foreign markets for Indian canned foods or frozen foods?...
    asked 1 hour ago
  • Question is : Sexual harassment is a claim that must be based on sex. 1. What...
    asked 1 hour ago
  • Protein concentration can be estimated by measuring the absorbance of protein-containing solutons using UV light. Give...
    asked 1 hour ago
  • A team of students opened a soda pop can underwater and collected the gas released from...
    asked 1 hour ago
  • Which of the General Principles of the American Psychological Association relates to maximizing the positive outcomes...
    asked 1 hour ago