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Q: What Protectionism refers to putting what on foreign trade to protect local businesses.?
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How does a protective tariff work?

A country might try to protect an industry by putting a tariff (like a tax) on goods that come from a foreign country to make those goods less competitive price-wise to the domestic goods. Many feel that this protectionism is bad for consumers as it reduces the incentive of domestic innovation and increases costs. Others feel that certain industries are necessary for any nation and would protect them to ensure the nations survival should the foreign sources be cut off. (Food production for example.) Sometimes tariffs are put in place to combat unfair trade practices such as when a foreign government subsidizes their industry to reduce the costs artificially.


What are the effects of World War I on world economic?

World War 1 officially brought the USA into the forefront, as WWI destroyed Europe while leaving America untouched, America also benefitted from wartime production due to WWI's status as a total war. WWI bankrupted many European countries, including Germany, who saw the greatest inflation in world history. Attempts at foreign aid were futile. WWI resulted in the policy of protectionism, putting up huge tariffs to destroy the influx of foreign goods. The idea was to stimulate domestic production and consumption, but world protectionism only deepened the severity of the Depression of the 30's.


How do you protect starfish?

i think one way to protect a starfish is to feed it and care for it


Why do countries practice protectionism?

Tarriffs serve two purposes - to raise money, as a form of taxation, and to protect domestic industry, by putting extra charges on imported goods, making them more expensive and less attractive to buyers. In the early days of the American government, before income taxes in 1916, most of the revenue used to run the government came from the tarriffs on imported goods. In the 1980s, when the US Dept of Commerce was helping American businesses move their production facilities to foreign countries, they reassured concerned citizens that the loss of jobs would be more than made up for by the tarriffs that would be charged for the goods as they were imported into the US. Of course, as soon as those businesses were moved offshore, Trade Agreements were signed, including the Uraguay Round of the WTO, that removed the tarriffs, but by then, the dirty deeds were done.


Parents putting resanting orders on future boyfriend?

They are just trying to protect you.


Is the government helping the polar bear?

Yes by putting laws to protect the animals


How does a bacterium 's cell wall protect it?

By putting cement bricks as a wall


How does a bacterium S's cell wall protect it?

By putting cement bricks as a wall


How do car dealers ship cars to foreign countries?

by putting the cars he sale on a big boat.


What comes out of a hydrant?

Water comes out of a hydrant. Firemen use hydrants when they are putting out fires in houses and businesses around town.


Why is Black Friday called Black Friday?

It is a financial term. When businesses are failing and losing money they are in the "red," but thanks to all the Thanksgiving sales, most businesses make a profit thus putting them in the "black."


How do you protect your manuscript from copyright infringement?

Although putting a notification on it is not required, that can help protect you. Beyond that, the best way to stop people from copying it is to keep it to yourself.