0
National defense protecting emerging industries protecting domestic jobs and keep money at home are MOST LIKELY arguments in favor of?
Wiki User
∙ 7y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the policy of protecting domestic industries from foreign competition by placing tariff on imports?
protectionism
Those who favor protective tariffs argue that?
protecting domestic industries from foreign competition. all of the above (NovaNet)
Why do we have tariffs?
Arguments for protectionism in general:Protect domestic jobs: By imposing a tariff and other measures, the state ensures that the threat for domestic firms posed by international supply is limited thus protecting jobs from being made rudundant.Protect domestic "infant" industries: Often in developing countries many new enterprises for an industry is controlled by a state (classic example: airlines) therefore, imposing tariff and protectionist measures can help reduce the amount of competition and risk faced by these domestic firms from international competitions.Arguments for tariff:Increased government revenue resulting in a better current acount.Limit the amount of "demerit" good from entering the market.Political and social incentives (retaliation) to protest.However, one needs to be aware that there are equally strong arguments against tariff and protectionism that needs to be considered.
Why do governments provide protection for their domestic industries?
To improve the economic.
What best describes a challenge that domestic industries face with trade agreements and globalization?
They must compete with international industries
In order to promote domestic industries in the 1930s countries?
devalued their currencies
What did countries do in the 1930's to promote domestic industries?
devalued their currencies
What effect did protecrice tariffs have on the american economy?
They made American goods cheaper than imported goods A protective tariff is a duty imposed on imports to raise their price, making them less attractive to consumers and thus protecting domestic industries from foreign competition.
What is the major goal of Arab socialism?
National liberation from colonialism and foreign imperialism, economic nationalism in the form of national-ownership of large industries and the promotion of a domestic economy free from foreign domination, and utilization of natural resources to benefit the entire population of the nation.
If developing countries have weak domestic industries they do not benefit from what?
Free-trade policies
In order to promote domestic industries in the 1930's countries did what?
devalued their currencies
How is the gross national product derived from the gross domestic product?
The gross national project is derived from the gross domestic product because various domestic products brought together is what is used to create the gross national project.
