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.
Matt’s life is divided into two time periods, young and old, and his utility is a function of two “goods”: consumption when young and consumption whenever old. Consumption when young and consumption when old are both of normal goods to Ma
Cingular and Alltel involve in aggressive and expensive advertising for cell-phones. A reason for this advertising may be: (1) attempts to increase market share. (2) predatorily drive other firms by the market. (3) to increase the use of cell phones.
Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below: Q : Distinguish clearly between a plant Distinguish clearly between a plant, a firm, and an industry?
Distinguish clearly between a plant, a firm, and an industry?
Give a brief introduction of the term Risk Principle?
Elucidate reallocation of resources?
Assume that you bought a ton of gold in Santiago, and Chile for $450 per ounce and immediately sold all of this in Antwerp, Belgium for $480 per ounce. Therefore economists would categorize your movement as: (i) arbitrage. (ii) scalping. (iii) screening. (iv) speculat
I am facing difficulty in this question. Help me in find out correct answer of this economy based question. From heterodox perspective, why do business enterprises choose administered prices as opposed to highly flexible prices?
Jeremy Bentham’s musings given main philosophical foundations for: (1) the abolition of slavery. (2) syndicalism. (3) free international trade. (4) feudalism. (5) utilitarianism. Can someone explain/help me w
The perfectly competitive market structure benefits consumers since: w) firms do not generate goods at the lowest possible price within the long run. x) firms are forced through competitive pressure to be as efficient as possible. y) firms add a much
18,76,764
1932546 Asked
3,689
Active Tutors
1447019
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!