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Tariff - the government put a high tax on sugar made in other countries

Quota - the government lemons, the emperor of sugar from other countries

subsidy - the government pays sugar farmers to keep sugar prices low

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Jessyaco

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3y ago

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Match each of the protectionist policies below with an example of government action that fits the definition.?

Certainly! Please provide the list of protectionist policies and their potential examples so I can help you match them accordingly.


Match each of the protectionist policies below with an example of government action that fits the definition. A. Tariff The government limits the import of sugar from other countries. B. Quota The gov?

Tariff: the government puts a high tax on sugar made in other countries quota: the government limits the import of sugar from other countries subsidy: the go pays sugar garnered to keep sugar prices low


Match each of the protectionist policies below with an Which of the following best explains what happens when workers join a labor union?

A.Tariff -----The government limits the import of sugar from other countries. B.Quota ----The government puts a high tax on sugar made in other countries. C.Subsidy--- The government pays sugar farmers to keep sugar prices low.


Why do you think most countries used protectionist policies after World War 1?

Because they did not want another costly war in human life


What is meant by protectionism and the reasons why government use protectionist policies?

Protectionism refers to economic policies that governments implement to restrict imports and promote domestic industries. This can include tariffs, quotas, and subsidies aimed at shielding local businesses from foreign competition. Governments often adopt protectionist policies to protect jobs, support nascent industries, safeguard national security, and improve trade balances. Additionally, these measures can be used to respond to unfair trade practices by other countries.


What was not an element of the mercantile system?

One element not associated with the mercantilist system was free trade. Mercantilism emphasized government regulation, tariffs, and protectionist policies to increase a nation's wealth. Free trade is a concept that advocates for minimal government intervention in the exchange of goods and services between countries.


Best explains the purpose of protectionist trade policies such as tariffs and subsidies?

nnnnnnnn


When the Australian economy was based on import-substitution manufacturing?

protectionist policies were emphasized


What happens when countries do not have protectionist policies?

When countries do not implement protectionist policies, they typically experience increased competition from foreign markets, which can lead to lower prices and greater variety for consumers. However, this openness can also result in domestic industries facing challenges from international competitors, potentially leading to job losses in certain sectors. Overall, a lack of protectionism can foster innovation and efficiency but may require adjustments in the labor market and industry structure.


What type of tariff is used to fight against protectionist policies by another country?

Retaliatory.


Why would countries want to create protectionist trade policies?

Countries may adopt protectionist trade policies to shield domestic industries from foreign competition, helping to preserve jobs and promote local economic growth. Such policies can also be aimed at protecting emerging industries that may struggle to compete against established foreign companies. Additionally, protectionism can serve national security interests by reducing dependence on foreign goods and ensuring the availability of critical resources. Finally, it can be a political strategy to garner support from specific industries or labor groups.


What best states the purpose of the lobbying done by labor unions in the US?

A. To prevent foreign countries from adopting protectionist policies. B. To get producers in the U.S. to increase the supply of public goods. C. To get the federal government to pass laws protecting workers. D.To get consumers around the world to demand more goods and services.