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

Q: Why would a country want to erect trade barriers such as tariffs or quotas? to expand their markets…

A: Significance of trade barriers- The major reasons for erecting trade barriers by governments is to…

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: If demand for a country's export good rises, other things being equal, will both the commodity terms…

A: If demand for country export goods rises this will lead to an increase in the Price index=Px/Pi or…

Q: What is the meaning of terms of trade

A: Export is the process of selling products and services to foreign countries manufactured in the home…

Q: Evaluate the effectiveness of artificial trade barriers, such as tariffs and import quotas, as a way…

A: Trade barriers on import will lead individuals in partially substituting domestically produced goods…

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: Namibia import most of its goods, and to encourage local production it can levy a tariff on imports.…

A: Tariffs: These are the indirect taxes that are being imposed by the governments around the world on…

Q: When a country opens for trade and becomes an exporter of a good, which of the following is a…

A: International trade refers to the exchange of goods and services between two or more nations for…

Q: Distinguished between domestic and international trade

A: In terms of trade, domestic refers to within the country where as international refers to outside…

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: Can you answer this please? Explain the concept of a trade embargo and its effect on the country…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Discuss the advantages and disadvantages in participating in international trade

A: International trade takes place when the countries interact with each other and transport goods and…

Q: Complete the following sentence. Quotas, as they relate to global trade, are:Choose one answer.a.…

A: Trade is the exchange of capital, factors, goods and services from one nation to other.

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

A: Answer in below step

Q: Many people argue that certain industries, such as weapons, energy, and transportation, should be…

A: International trade results in gains from trade, but still there are trade barriers.

Q: The U.S. will no longer import goods or services from other countries. It will instead focus on…

A: The international trade would result in the production of the various goods and services . The…

Q: When tariffs are imposed on an imported good, Group of answer choices 1.jobs are saved, but at a…

A: A nation's engagement in a more open international trade increases the total well-being of an…

Q: Discuss several economic events that would increase a country’s willingness to trade.

A: A country's willingness to trade include thr ability to make exports or imports or goods and…

Q: According to YOUR thinking, which kind of trade is more beneficial for an economy, liberalized trade…

A: According to me, liberalized trade is more beneficial for an economy. Trade liberalization is…

Q: Why is a quota more detrimental to an economy than a tariff that results in the same level of…

A: "Since you have asked multiple questions, we will answer only first question for you. If you have…

Q: Discuss the importance of terms of trade for countries.

A: Terms of trade refer to the relative price of imports in terms of exports.

Q: Define trade liberalization.

A: International trade refers to the exchange of goods and services across the national territory.

Q: The below 3 graphs show net losses to the economy of the country that imposed tariffs or quotas on…

A: The government of a country tries to protect its domestic industries from cheaper imports and high…

Q: Make the case for restricting international trade.

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

Q: Which of the following is NOT a reason why countries impose tariffs on imports? Protect domestic…

A: Tariff A tariff refers to the tax which is imposed by the Government of a nation on the importation…

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: Predict what each of the following events would do to the terms of trade of the importing country…

A:

Q: explain the measures companies could take to overcome trade barriers

A: Trade barriers are the agreements or policies between two or more nations to limit imports and…

Q: Discuss some reasons why reductions in world trade barriers are driving the world toward a global…

A: Trade barriers refer to the restrictions imposed by the government of the country on international…

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: Explain the role that quotas and tariffs play with international trade. Give a specific well…

A: The exchange of commodities and services between countries is thought as international trade.…

Q: which of the following is not a reason for restricting trade? a. Saving domestic jobs b. Preventing…

A: Trade is restricted to save domestic jobs,because imports decrease sales of domestic industries.…

Q: Policymakers and economists have been trying to come up with the best policy mix to improve economic…

A: 1. Recession is one part of the economic cycle that can't be phased out it can be identified by…

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: Which of the following is NOT a reason why countries impose tariffs on imports?   A. Protect…

A: International trade encompasses the exchange of products, services, jobs, and capital among nations.…

Q: “When a nation is running a trade surplus, capital is flowing out of the country.” Do you agree with…

A: Trade is in surplus when the export of a country is more than it imports. The trade balance is…

Q: Since the end of World War II, a) world trade has grown more rapidly than world output. b) world…

A: Since the end of World War II, - a) world trade has grown more rapidly than world output.

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: If a certain trade is good for one country, it must be good for the other country?

A: Trading activities benefit all participants. Trade must occur according to the comparative advantage…

Q: Economists generally believe that trade is good for society. Do you think trade is good for society?…

A: Trade basically means the export(X) and import(M) of goods and services that takes place in the…

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…