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Tariffs on imports will raise the price of imported goods so that domestic substitutes can be cheaper. Import quotas allows a limited number of imported goods into the country. Trade embargoes is a extreme case where no imports are allowed.
What else can I help you with?
Why did northern farmers favor protective tariffs-?
to reduce competition from foreign grain producers
What is the purpose of Subsidies?
To protect domestic producers against international competition
What is the purpose of protectionist trade policies such as tariffs and subsidies?
They allow producers to sell their products more cheaply than foreign competitors... apex
What is the purpose of import quota?
To reduce competition from foreign producers
What is domestic producers?
Domestic producers refer to companies or individuals who produce goods and services within a country, serving the local market or exporting to other countries. They play a crucial role in the economy by creating jobs, contributing to GDP, and fostering economic growth. Domestic producers may face competition from foreign imports, which can influence pricing and market dynamics. Supporting domestic producers can help strengthen local economies and promote self-sufficiency.
What is the purpose of government subsidy?
To protect domestic producers against international competition
What government payment helps domestic producers compete with a foreign firms?
Subsidies
Which is an example of a government policy that protects domestic producers against international competition?
Subsidies
A government policy that protects domestic producers against international competition?
subsidies
Why did northern farmers favor protective?
to reduce competition from foreign grain producers.
What best states Purpose of an important quota?
To reduce competition from foreign producers.
Does Thai government protect Thai producers from foreign competition?
Yes, the Thai government employs various measures to protect local producers from foreign competition. These include tariffs on imported goods, import quotas, and subsidies for domestic industries. Additionally, the government enforces regulations and standards that can create barriers for foreign products, thereby supporting local businesses. However, these protections can sometimes lead to tensions in trade relationships with other countries.
