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What is the policy of protecting domestic industries from foreign competition by placing tariff on imports?
Wiki User
∙ 13y ago
protectionism
Wiki User
∙ 13y ago
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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.
Which of the following best states the purpose of the lobbying done by labor unions in the US?
To reduce competition from foreign producers.
What is the major goal of Arab socialism?
National liberation from colonialism and foreign imperialism, economic nationalism in the form of national-ownership of large industries and the promotion of a domestic economy free from foreign domination, and utilization of natural resources to benefit the entire population of the nation.
What is the difference foreign affairs and domestic affairs?
Foreign Affairs mean that they are with another country or toward. Domestic means of their own country.
Why do we have tariffs?
Arguments for protectionism in general:Protect domestic jobs: By imposing a tariff and other measures, the state ensures that the threat for domestic firms posed by international supply is limited thus protecting jobs from being made rudundant.Protect domestic "infant" industries: Often in developing countries many new enterprises for an industry is controlled by a state (classic example: airlines) therefore, imposing tariff and protectionist measures can help reduce the amount of competition and risk faced by these domestic firms from international competitions.Arguments for tariff:Increased government revenue resulting in a better current acount.Limit the amount of "demerit" good from entering the market.Political and social incentives (retaliation) to protest.However, one needs to be aware that there are equally strong arguments against tariff and protectionism that needs to be considered.
Those who favor protective tariffs argue that?
protecting domestic industries from foreign competition. all of the above (NovaNet)
Is it true that protecting domestic jobs from foreign competition is the best way to raise labor productivity?
true
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
The economic policy advocating government protection of domestic agriculture and industries from foreign competition by institution of tariffs quotas or other restrictions on foreign imports is called?
protectionism
What effect did protecrice tariffs have on the american economy?
They made American goods cheaper than imported goods A protective tariff is a duty imposed on imports to raise their price, making them less attractive to consumers and thus protecting domestic industries from foreign competition.
The purpose of a protective tariff is to?
protect home industries from foreign 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
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 did the Republicans pass the McKinley tariff?
The McKinley tariff was passed to raise the average duty on imports to almost 50 percent. It was designed to protect domestic industries?æfrom foreign competition and was condemned by the Democrats.
