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Why is local manufactured goods more expensive than imported ones?
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What made imported goods more expensive than local goods?
Taxation
What did the local merchants do against imported goods?
The local merchants held a BOYCOTT against imported goods.
Local merchants held what against imported goods?
Merchants held tariffs on imported goods.
How did tarrif affect prices of imported goods?
A tariff is a tax set on imported goods.It raises the price of said goods, in order to protect local businesses.
What does protectionism put on foreign trade to protect local business?
The term is tariff- a charge on imported goods.
What made imported goods more expensive than local goods?
Taxation
What did the local merchants do against imported goods?
The local merchants held a BOYCOTT against imported goods.
Local merchants held what against imported goods?
Merchants held tariffs on imported goods.
What did local merchants hold against import ed goods?
Local merchants would boycott imported goods.
How did tarrif affect prices of imported goods?
A tariff is a tax set on imported goods.It raises the price of said goods, in order to protect local businesses.
What policy was designed to protect local industries from foreign competition?
Tariffs increased the price of imported goods
What does protectionism put on foreign trade to protect local business?
The term is tariff- a charge on imported goods.
What were some of the effects to tariffs in the 18oos?
High tariffs were opposed in the south because the south didn't have factories like the north so they had to import their manufactured goods unlike the north who already had them. The north supported high tariffs because it protected their workers and because they didn't need manufactured goods to be imported because they had factories that supplied their manufactured goods.
What is advantages of linkages?
there is reduced dependence on imported goods since local suppliers provide the raw materials for the producers.
What mercantilist policy was designed to protect local industries from foreign competition?
Tariffs increased the price of imported goods
What are the benefits of a backward linkage?
there is reduced dependence on imported goods since local suppliers provide the raw materials for the producers.
What are the benefits of backward linkage in a business?
there is reduced dependence on imported goods since local suppliers provide the raw materials for the producers.
