Asked in Uncategorized
What are two government actions that protect its domestic industries and describe the effects these actions have on domestic consumers?
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Identify what actions a government can take to protect its domestic industries?
Why might protectionism hurt consumers?
Since protectionist policies have tariffs/restrictive import quotas/voluntary export restraints on imports, domestic consumers do not want to buy imported goods. In the long run, however, that allows domestic goods to raise their prices to create competition, eventually raising the prices for consumers anyway. Also, protective industries focus more on competition and price than quality, so often times consumers are getting overpriced products that are not well made.
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Why do governments provide protection for their domestic industries?
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Disadvantage of liberalization?
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In order to promote domestic industries in the 1930's countries did what?
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What if you are not registered as domestic partners?
If you are not registered as domestic partners, then you are not legally recognized as domestic partners. However, in jurisdictions where there is no government registry of domestic partnerships available, many companies offer domestic partner benefits based upon a notarized affidavit of domestic partnership submitted to the company, with no requirement for government registration.
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