My perspective is that the interests should be the paramount concern of government trade poly between producers and consumers for different reasons. The key interests for the producers would be the economic growth and maintaining a competitive domestic industry. These two ideas are very important for business and their employees because these two parts are the key for how producers will make enough money for their company. In addition, rules that will support a competitive domestic industry will help reserve jobs and will still have competition. Consumers are very important because they will benefit from the competitive trade that is out there for good competitive prices. The whole goal of consumers is that they make trade very beneficial, so the interests should be towards the consumers as well.    please help reply to this discussion post, needs to be 150 words at least

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter33: International Trade
Section: Chapter Questions
Problem 6QP
icon
Related questions
Question

My perspective is that the interests should be the paramount concern of government trade poly between producers and consumers for different reasons. The key interests for the producers would be the economic growth and maintaining a competitive domestic industry. These two ideas are very important for business and their employees because these two parts are the key for how producers will make enough money for their company. In addition, rules that will support a competitive domestic industry will help reserve jobs and will still have competition. Consumers are very important because they will benefit from the competitive trade that is out there for good competitive prices. The whole goal of consumers is that they make trade very beneficial, so the interests should be towards the consumers as well. 

 

please help reply to this discussion post, needs to be 150 words at least

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Growth Rate of GDP
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Macroeconomics
Macroeconomics
Economics
ISBN:
9781337617390
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Microeconomics
Microeconomics
Economics
ISBN:
9781337617406
Author:
Roger A. Arnold
Publisher:
Cengage Learning