Contrast the pros and cons of protectionist policies

Q: “Infant-industry protection can be justified on the basis of the existence of learning-by-doing.”

A: Infant industry needs a protection as they dint have economies of scale in the economy so till the…

Q: The argument that protection B) allows us to compete with cheap foreign wages is true C) is…

A: 1) The argument that protection is necessary for infant industries is true.  Explanation:- New firms…

Q: All of the following are examples of protectionism except     most favored nation treatment…

A: Protectionism refers to the government policies that create a specific restriction on international…

Q: Explain why, despite comparative cost disadvantages, countries might tend to protectionism for…

A: Protectionism : Protectionism refers to the deliberate practice of limiting imports or promoting…

Q: Why would protectionism cost jobs

A: The international trade would result in the exchange of the goods and services between one or more…

Q: Explain four problems with the argument that trade protection is needed to protect American jobs.

A: Trade barriers are restrictions made by the government on trade internationally.

Q: What is the argument against protectionism?

A: Free trade and protectionism are the two important views in international trade.

Q: Analyse how protectionism can affect consumers in a country

A: Meaning of Trade: The term trade refers to the situation under which the products and goods are…

Q: Differentiate between WTO, NAFTA, andEU in terms of basic functions and membercountries.

A: International trade agreements govern the exchange of goods and services between two or more…

Q: Do you believe that international economic sanctions are effective? Why?

A: The economic sanctions are followed to change the political and military behaviors of countries. The…

Q: Compare multilateralism with bilateralism. Which one is better for achieving both of peace and…

A: In an economy, different approaches are used to make laws, policies, and regulations to manage the…

Q: What is the national interest argument for protectionism with regard to certain products?

A: The national interest argument for protectionism holds that it is not wise to import certain key…

Q: Identify and briefly describe five (5) instruments of protectionism

A: The economies around the world tend to get involved in the international trade with each other. The…

Q: what is the difference between international trade and international finance

A: Globalization and economic liberalization are significant milestones in the history of international…

Q: __________ acts as the guardian of the EU treaties by enforcing EU law.

A: EU law, often known as European Union law, is a legal system unique to the European Union's 28…

Q: Explain how the heckscher-ohlin model of international trade is superior to the nico-ricardian…

A: According to the Ricardian model, the gain from trade comes from comparative advantages. This is an…

Q: Protectionism uses tariffs as trade barriers? True or False

A: Protectionism is a policy implemented by the country to restrict the trade with the rest of the…

Q: A country’s policy of supporting higher domestic agricultural prices against lower world prices to…

A: A-Embargoes are viewed as strong conciliatory measures forced in an effort, by the fantastic nation,…

Q: Why might a tax on domestic consumption of resources critical for national security be a more…

A: The three main barriers to  IT (international trade) are common barriers. like distance &…

Q: Should countries in financial distress be permitted to install temporary tariff and nontariff…

A: Tariffs are direct taxes levied on commodities. Non-tariff barriers, on the other hand, are placed…

Q: Who does protectionism protect? From what does it protect them?

A: International trade brings out a positive impact on the economies as they help in growing the…

Q: What are the economic arguments in favour of the policy of protection? Write any three arguments.

A: Protectionism is the policy adopted by the domestic countries to protect their economies from the…

Q: Why would the establishment of protective trade barriers be a poor way of protecting workers in…

A: Homegrown or Domestic industry implies the homegrown makers overall of a homegrown like item or…

Q: Define protectionism as a policy and describe what a country stands to lose when it enacts such a…

A: In an economy, protectionism is considered bas one of the government policies to influence the…

Q: Protectionism has three main forms: tariffs, import quotas, and...   Group of answer choices…

A: International trade increases the total surplus(sum of consumer and producer surplus) of nations…

Q: How do policies of consuming nations impact the potential exporting-country responses?

A: The policies of the importing countries which impact the potential exporting country responses are:…

Q: Why do you think calls for protectionism are greater during sharp economic contractions than during…

A: Concepts:Protectionism Protectionism refers to the trade protection in which a nation reduces its…

Q: What would someone who supports protectionism likely say? A. The United States should end tariffs so…

A: Answer: Correct option: C  Explanation: Protectionism refers to the restriction of international…

Q: Protectionism is most likely to be justified to

A: Introduction Protectionism. protectionism is used for the economical purpose in which any country…

Q: Fill the blank represents the inefficiency to society from state intervention/protectionism.

A: Since you have posted multiple questions, we will answer the first-two questions for you. If you…

Q: Which of the following is not an argument used in favour of protectionism? a.to protect an "infant "…

A: Protectionism is when a country imposes regulation and barriers on foreign firms and suppliers who…

Q: involves removing barriers to trade between different countries. Trade restriction Trade…

A: Economist argues that the the world resources are optimally utilised if the trade among the…

Q: Evaluate which protectionist method is best for an economy.

A: A nation's trade protectionist policy is a calculated and deliberate effort to limit imports while…

Q: Would the average Indian citizen prefer liberization or protectionism? Why would they choose one…

A: Economic liberalisation refers to the processes that encourage free trade, such as subsidy…