which of the following is not a reason for restricting trade? a. Saving domestic jobs b. Preventing rich countries from exploiting developing countries c. Penalizing lax environmental standards d. Promoting consumer rights e. Protecting infant industries

Q: What are some pros and cons for International Trade from the viewpoint of Multinational…

A: The trade involves the exchange of the various goods and services. The trade would cause the…

Q: What specific benefits can countries obtain through international trade and what determines which…

A: Free trade occurs when there is no restriction on the flow of goods and services. The price of goods…

Q: How trade policy works for the betterment of a country’s economy? explain in detail.

A: The trade is a process of exchanging goods and services between the seller and the buyer at a…

Q: a)What was the quantity sold locally per year after tariff ? Please give your answers in two decimal…

A: Given : Quantity produced locally before tariff imposition : 15540 per year Quantity produced…

Q: Who are the winners and who are the losers when tariffs or quotas are implemented?

A: The tariffs are the unitary tax imposed by the government over the commodity which is being imported…

Q: Discuss the arguments for and against free trade

A: Free trade can also be described as the application of the free market concept to international…

Q: The case for free trade is strong but the losers need more help. Which statements below are true?…

A: Many analysts have focused on the economic hardship that will be felt by both sides as a result of…

Q: Which of the following tends to increase trade between countries? a) Larger gross domestic product.…

A: The exchange of services and goods among individuals or entities involving compensation is known as…

Q: What does import quotas and local content requirement mean for importing economies? What does it…

A: Answer in below step

Q: What can be regarded as the correct mix between free trade and protectionism

A: In an economy, free trade and protectionism are two opposite concepts or approaches to make economic…

Q: Free trade is controversial because a. it reduces government revenue b. it benefits only a small…

A: Free trade refers to the exchange of goods and services i.e. exports and imports without tariff…

Q: The historic debate about the benefits and costs of trade liberalization (freer trade) continues…

A:

Q: Match the trade barrier with the example US places a tax on imported frozen chicken Japanese trade…

A: Trade barriers restrict the trade between countries. They are not efficient as free trade is always…

Q: Discuss how international trade influences the job market.  What are the opportunity costs to…

A: The movement of a country from a situation of autarchy to free trade can have varied impacts on the…

Q: As measured by the amount of trade it does, has the U.S. economy become more internationalized?…

A: The main reasons for the U.S. economy to become more internationalized are the increase of foreign…

Q: List at least 3 factors that have accounted for the rapid growth of world trade over the past 50…

A: Answer - There are many factors that have accounted for the rapid growth of world trade over the…

Q: explain why is international trade more difficult and risky than domestic trade

A: When an economy opens its boundaries for trade with the rest of the world, it can make domestic as…

Q: Country A is increasing tariffs on steel imports to protect country A's local steel industries. How…

A: Exchange strategy is the arrangement of arrangements, guidelines, and practices by an administration…

Q: Make the case for restricting international trade.

A: Countries place restrictions on international trade due to politics related to economics. Even…

Q: How does international trade affect the economic well-being of the Philippines? Explain who gains…

A: International trade is the  exchange of goods and services that goes in between the countries, and…

Q: What is The International Monetary Fund, and how does it facilitate world trade

A: World trade plays an important role in the economic growth of every participating nation by…

Q: Explain why governments try to enhance and restrict trade. Help me answer this please, thank you

A: Trade is desirable for consumers because it allows consumers to have a greater variety of products…

Q: Outline the extent of international business and the economic outlook for trade.

A: International business involves all business activities that involve exchanges across the world.…

Q: What is the relation of  General Agreement in Tariffs and Trade to World Trade Organization?

A: On January 1, 1948, the GATT came into effect. 2 It has been improved since then, culminating in the…

Q: Which of the following has not been a facilitating factor in world trade? general declines in…

A: Foreign Trade refers to the buying and selling of goods and services across the world. There are…

Q: Can food security include the importation of food? a. Yes, if the population is willing to pay…

A: Food security, as defined by the United Nations’ Committee on World Food Security, means that all…

Q: Since each country's economy is independent from it's neighbors, global trade is strictly an…

A: it is correct to say that each country is independent of its neighbor countries to make its own…

Q: Does international trade,taken as a whole,increase the total number of jobs, decrease the total…

A: International trade refers to the exchange transactions between the countries. It allows nations to…

Q: Put these ways of conducting global trade in order from the least risky first to the most risky…

A: Global trade or International Trade is defined as the exchange of goods and services and capital…

Q: Why protectionist trade policy is better than free trade policy?

A: International trade: - it means the buying and selling of goods and services with other countries.

Q: Explain what may cause a deterioration of the terms of trade. 

A: The proportion of a nation's export prices to its import costs is known as terms of trade (TOT). To…

Q: Are technical regulations in different countries equal and constitute they barriers to trade? Which…

A: A technical regulation is a Government document that lays down product characteristics or their…

Q: When it comes to international trade and government intervention, which is a better policy for a…

A: International Trade: The term international trade refers to the trade when a country imports and…

Q: Define protectionism, and explain nontarriff barriers to trade. Who are the major beneficiaries and…

A: Protectionism is a strategy of defending native industries from international competition by…

Q: If the U.S. started to import textiles from Mexico according to a free trade agreement, but the U.S.…

A: Introduction:- trade diversion is defined as the changing of the trade from one country to another…