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Government restricts free-trade,and imposes tariffs and quota on the quantity of imported foreign products because it prevents local products from foreign competition.free-trade causes domestic products to suffer,as foreign products are of good quality but they become expensive due to tariff imposed by government,so people prefer domestic products.However if such tariffs are not imposed,the balance of trade and balance of payment will diminish which will cause devaluation of country 's currency rates.
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∙ 13y ago
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Who is the Minister of Foreign Trade for Bosnia and Herzegovina's National Government?
Boris Tucic is the Minister of Foreign Trade for Bosnia and Herzegovina's National Government.
What statement best represents the general attitude of the framers about the role of the federal government in foreign trade?
the federal govt should be able to regulate foreign trade - apex
Role of consul in foreign relations?
An official appointed by a government to live in a foreign city and protect and promote the government's citizens and interests there
The myng dynasty allowed only the government to conduct foreign trade in order to?
They allowed to conduct foreign trade to keep the influence of outsiders to a minimum.
Why does the us government promote foreign trade?
because he/she wants boost the economy
What is the role of the state in government in the United states?
To carry out the nation's foreign policy.
Is china open to foreign trade and investment?
Yes, Chinese government is very much encouraging foreign direct investment.
Definition of foreign policy?
Foreign policy is the practices associated with a government's handling foreign nations. Nations can change their foreign policies at any time with the right votes.
Which could limit trade between America and a foreign country?
increased government regulations
How involved should the government be in regulating foreign trade?
the government should be more involved than it is now but it is kind of involved
How involved should government be in regulating foreign trade?
the government should be more involved than it is now but it is kind of involved
What is the role of government in trade dispute?
Federal Government - puts competitive tax on profits to attract buisnesses
