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Do you agree that consumers will be better off if they can buy foreign goods that are price is cheaper as domestic once?
Wiki User
∙ 13y ago
no
Wiki User
∙ 13y ago
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Is their any disadvantage to a government subsidizing domestic firms to make them able to compete in price with cheaper imported goods?
Some positive elements are that it helps domestic consumers, firms and, workers. However, it could lead to inflation or an overall increase in price of products across all sectors. People may also end up paying higher taxes on goods.
What is the protectionist perspective on international trade?
Since protectionist policies have tariffs/restrictive import quotas/voluntary export restraints on imports, domestic consumers do not want to buy imported goods. In the long run, however, that allows domestic goods to raise their prices to create competition, eventually raising the prices for consumers anyway. Also, protective industries focus more on competition and price than quality, so often times consumers are getting overpriced products that are not well made.
How does buying an item in a bulk help consumers?
the consumer gets better quality
How important is international trade to the world economy?
Main importance of international business ♦ Faster growth: economies that have in the past been open to foreign direct investments have developed at a much quicker pace than those economies closed to such investment e.g. communist Russia ♦ Cheaper imports: this is down to the simple fact that if we reduce the barriers imposed on imports (e.g. tariffs, quota, etc) then the imports will fall in price ♦ New technologies: by having an open economy we can bring in new technology as it happens rather than trying to develop it internally ♦ Spur of foreign competition: foreign competition will encourage domestic producers to increase efficiency. Carbaugh (1998) states that global competitiveness is a bit like golf, you get better by playing against people who are better than you. ♦ Increase consumer income: multination will bring up average wage levels because if the multinationals were not there the domestic companies would pay less. ♦ Increased investment opportunities: with globalisation companies can move capital to whatever country offers the most attractive investment opportunity. This prevents capital being trapped in domestic economies earning poor returns.
Is FedEx typically cheaper or more expensive than UPS?
Normally UPS is less expensive then FedEx if you want there is a calculate rates function on their website to tell you who actually is cheaper and better for your money.
What is libralisation and what its merits and demerits?
A liberalisation approach is opposed to closed economy. Any country which is a developing economy and also poor may not be able to withstand an international competition for its manufactured goods. So to protect their own industries within their country they follow a closed economy method whereby they will not allow the sale of goods of foreign origin in their country even if it means the foreign goods have much better quality and cheaper than domestic goods. Once such a country reaches a level of competence and an economic standing which can afford Research and Development , it should allow foreign competition so that domestic manufacturers, industrial houses invest in R&D and improve the quality of goods to survive the competition from foreign goods. The advantage is that consumers get quality goods at cheaper prices. Domestic manufacturers get out of their slumber and produce better quality goods offering better salaries to skilled workers. In addition to that sometimes domestic manufacturers can eat in to the market share of multinationals who arrived and can even buy them or takeover them. India is the best example for all this. After liberalisation many Indian companies not only withstood foreign goods or competition they had even taken over the multinational companies businesses.
For a domestic purposes a 3 phase is better than a single phase?
For domestic it's not that critical, but it does allow you to use a more high powered electrical kitchen range and other big consumers like that.
Questionnaire regarding consumer attitude towards product?
I prefer domestic products rather than foreignones when the quality and price are the sameI think foreign products are higher quality thandomestic ones.I think foreign products are more expensivethan domestic ones.I think foreign products have better after-saleservice than domestic ones.I do not like the idea about having foreignproducts.When i buy a foreign product, i feel guilty.I encourage my near surroundings in thematter of buying domestic products.I contribute something to Turkish economicsby buying domestic products.
Is their any disadvantage to a government subsidizing domestic firms to make them able to compete in price with cheaper imported goods?
Some positive elements are that it helps domestic consumers, firms and, workers. However, it could lead to inflation or an overall increase in price of products across all sectors. People may also end up paying higher taxes on goods.
Which is better- An acoustic or an electronic drum set and Which is cheaper?
An electronic is cheaper, I guess. But I do think an acoustic sounds better.
Was Winston Churchill better in foreign policy rather than domestic policy as prime minister?
It depends on what perspective you take. In terms of preserving the Empire, he did an okay job But you see, most of Churchill's time as Prime Minister was centred on the war, so he didn't have time to pass good domestic policies, his second term was more focused on reconstruction, and as well as building better foreign relations, so that Germany would not go to war again with Britain.
What is better a PSP on NDS?
A psp is better but a nds is cheaper
Is prevention cheaper than cure?
In many times it is cheaper,but in every time it is better
Is Travelzoo Supersearch better and cheaper than Orbitz?
"I personally like Orbitz better, I think it yields better results. Travel Zoo is cheaper, but you should go for quality , and not price. Orbitz is better."
What should you get a ps3 or a Xbox 360?
xbox 360 better graphics and its cheaper ps3, it selling at 299$ and is cheaper in the long run! its got way better graphics and has bluray! Xbox is actually cheaper at the moment.
Is it better to a simple assault or domestic assault on your record?
It is better not to have any such assault on your record. Domestic assault is particularly distasteful, and is a very cowardly act.
How does the construction industry software help the companies?
The construction industry software helps companies by providing cheaper ways to manufacture products which in turn lowers the price for consumers. When the construction industry software gets better, the companies' production costs get lower.
