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What is the idea that government should protect industries from foreign competition?
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What tariff type is used to protect a domestic industry?
A PROTECTIVE tariff is intended to artificially inflate prices of imports and protect domestic industries from foreign competition.
Who adopted the Fordney-McCumber Tariff to protect business in from foreign competition?
united states
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
What was proposed in Clay's American System?
His proposal included a tariff to protect American industries from foreign competition, internal improvements such as roads and canals, and a national bank to establish one currency for all states and to lend money to build large businesses
Did Alexander Hamilton want to tax foreign goods?
Yes, Alexander Hamilton believed in a strong government and economic policies that would promote domestic manufacturing and industry. As such, he supported imposing tariffs on imported foreign goods to protect American industries from competition and generate revenue for the government.
The purpose of a protective tariff is to?
protect home industries from foreign competition
The tariffs would raise money for the government and protect American industries from foreign competition. Who opposed the tariffs and why ?
The south because they had little industry .
The use of trade to protect a nation's industries from foreign competition is called?
protectionism........
What is the purpose of a purpose of a protective tariff?
protect home industries from foreign competition
What are protectionist trade policies designed to do?
Protectionist trade policies are designed to shield domestic industries from international competition by imposing barriers such as tariffs, quotas, and subsidies. The main goal is to protect local jobs, industries, and markets from foreign competition and to support economic growth and stability within the country.
Why do developing countries often subsidize manufactures in growing industries?
To protect them from foreign competition
What policy was designed to protect local industries from foreign competition?
Tariffs increased the price of imported goods
What mercantilist policy was designed to protect local industries from foreign competition?
Tariffs increased the price of imported goods
What tariff type is used to protect a domestic industry?
A PROTECTIVE tariff is intended to artificially inflate prices of imports and protect domestic industries from foreign competition.
What is intended to protect domestic industry?
PROTECTIVE tariff
During the early days of industrialization many members of congress believed that tariffs were necessary to?
protect new industries from foreign competition
What are the principal political and economic arguments for government intervention into international trade?
PoliticalOne common political argument for government intervention is that its is necessary for protecting jobs and industries from unfair foreign competition.Countries sometimes argue that it is necessary to protect certain industries because they are important for national security.Defense related industries often get this kind of attention (e.g. aerospace, advanced).EconomicIn order to protect start up companies in certain industries, governments can impose quotas and tariffs on any foreign competition entering the market.
