Question

What kind of trade restrictions would you support and why?

What kind of trade restrictions would you support and why?

Homework Answers

Answer #1

Trade restrictions such as anti dumping duties can be supported and this is because of the fact that the domestic industries of the country will be hugely affected and the economy will get hit on that and therefore anti-dumping duties should actually be supported on the whole. Sometimes customs can also be considered as a valid restriction where is there luxury items and the country has to generate revenue in order to restore the economic position on the whole, else it wouldn't be beneficial to the economy.

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
What kind of communicator are you? What would you like to improve and why?
What kind of communicator are you? What would you like to improve and why?
Describe the welfare effects of trade restrictions, and explain why countries might still choose to engage...
Describe the welfare effects of trade restrictions, and explain why countries might still choose to engage trade restrictions anyway.
are the moral limits of markets? Do you support a totally free market, or should restrictions...
are the moral limits of markets? Do you support a totally free market, or should restrictions be placed on the scope and activities of and within markets?
What kind of material would you choose to make a cookware (pots and pans)? Would you...
What kind of material would you choose to make a cookware (pots and pans)? Would you want to choose a material with a large specific heat capacity or a small specific heat capacity, and why? explain in brief with example.
If you were a Venture Capitalist today, what kind of industry and/or firms would you invest...
If you were a Venture Capitalist today, what kind of industry and/or firms would you invest in and why?
When the US imposes tariffs and other trade restrictions on imported goods, Select one or more:...
When the US imposes tariffs and other trade restrictions on imported goods, Select one or more: a. US producers gain monopoly power. b.  the trade restrictions act as a barrier to entry. c. US consumers will tend to pay higher prices and receive fewer goods than if trade restrictions were not in place. d. there is a deadweight loss (a lower standard of living) for people in the country that imposed the trade restrictions. e. all of the above.
Economics Question : Should there be restrictions or caps on trade and other aspects of globalization?...
Economics Question : Should there be restrictions or caps on trade and other aspects of globalization? Do you think that these cycles are really valid? Where are we now? What is/will pull us up? What is/will pull us down? Is IT our way to move up in the cycle? How do you judge truthfulness or reliability of information? Which sources do you think are most accurate? Will the growth of the Internet and growth in number of users make this...
8. (8 pts.) Tariffs and quotas are both trade restrictions. Explain one way that tariffs and...
8. (8 pts.) Tariffs and quotas are both trade restrictions. Explain one way that tariffs and quotas are different. Also, explain one way the tariffs and quotas are similar (other than both being trade restrictions).
What has the world trade organization done to promote trade? What would business be like without...
What has the world trade organization done to promote trade? What would business be like without this agreement? What countries are benefiting most from this agreement? Are there any countries hurt by this agreement? Why or why not? What changes would you recommend?
What has the world trade organization done to promote trade? What would business be like without...
What has the world trade organization done to promote trade? What would business be like without this agreement? What countries are benefiting most from this agreement? Are there any countries hurt by this agreement? Why or why not? What changes would you recommend?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT