what is the 'Infant Industry' economic argument that supports the need for government intervention in trade?

Q: What are some major issues on the trade war?   How does the trade war pertain to the food…

A: Trade war: It occurs when a country puts trade restrictions or high duty imports from another…

Q: Protectionism refers to open trade. O True False

A: Protectionism refers to restrictions impose on free trade. It is mainly imposed to protect the…

Q: Who are the Winners and Losers from trade Restrictions?

A: A trade restriction is an artificial constraint on the trade of commodities and services between two…

Q: List five (5) arguments often given to support trade restrictions.  How do economists respond to…

A: Trade restrictions are restrictions imposed on trade for domestic country’s growth and security.…

Q: The World Trade Organization is controversial because it is dominated by small, developing nations.…

A: The world trade has been said to be unfair by the small and developing nations, because it caters to…

Q: Under what conditions would you advocate for trade restrictions?

A: Under what conditions would you advocate for trade restrictions? Countries use numerous strategies…

Q: In context of international trade, explain import-substitution and export-promotion policies.  Which…

A: Globalization means integrating an economy with the world economy. Globalization promotes…

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: What is the purpose of trade barriers? Kindly discuss it comprehensively

A: Trade barriers are the restriction on  the flow of goods and services across borders .

Q: Limits on the quantity or total value of specific products imported into a nation are a) export…

A: The quota is imposed by a government that restricts the quantity of a commodity that a country can…

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: Discuss World Trade Organization.

A: International trade agreements govern trade between two or more countries. An agreement may cover…

Q: Politicians view trade agreements as a series of exchanges. Which interests are politicians…

A: A trade agreement is described as an arrangement between states that are concerned with their…

Q: The slow pace of international trade negotiations is understandable given that: GATT and WTO have…

A: In the international market, it can be said that the international trade negotiate us generally time…

Q: Do consumers benefit from intra-industry trade?

A: Intra-industry trade refers to the trading or business which is happening between the same…

Q: What area represents the loss of producer's surplus after free international trade? A. CHGF B. AEG…

A: From the given diagram, Pre-trade :- Domestic price = H Consumer surplus = area of ∆ACH Producer…

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: In context of international trade explain import substitution and export promotion policies

A: Answer - Import Substitution Policies-  It is the policy which pramotes the domestic goods while…

Q: Make the case for restricting international trade.

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

Q: What are the trade barriers/frictions (natural, man-made)

A: Trade barriers affects the volume of international trade of each country with the others. .It…

Q: 6-1. What country is the biggest as measured by world trade?

A: The concept that depicts buying and selling of services and goods in exchange for compensation being…

Q: a) What is the "Infant Industry" argument for trade restriction? b) What is the "National Defense"…

A: Hey, Thank you for the question. According to our policy we can only answer 1 question per session.…

Q: Define protectionism and explain non-tariff barriers to trade. Who are the major beneficiaries and…

A: When a government legislates policies to reduce or block international trade it is engaging in…

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: If countries engaged in trade enjoy welfare gains, why is there often some opposition to free trade?

A: Free trade refers to the policy of the government which does not have imposed any restrictions on…

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

A: Hi. Since there are two questions, we will answer the first one. Trade protectionism is defined as a…

Q: What are the overall benefits from trade and specialisation?

A: The transfer or movement of goods and services from one country or entity to another in exchange for…

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: What is the main argument against international trade restrictions?

A: International trade restrictions create problems for the exporting countries.

Q: Producing socks is labor-intensive, while producing satellites is capital-intensive. If India…

A: When two countries involve in trade, one country ‘export’ that good in which it has ‘comparative…

Q: Are the gains from international trade more likely to be relatively more important to large or small…

A: Gains from international trade refer to the benefits that are received by economic agents when…

Q: Which ONE of the following trade restrictions is likely to be the most transparent for…

A: When talking about international trade, countries practice some trade restriction policies as the…

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…