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Why do developing countries often subsidize manufactures in growing industries?
To protect them from foreign competition
What mercantilist policy was designed to protect local industries from foreign competition?
Tariffs increased the price of imported goods
What is intended to protect domestic industry?
PROTECTIVE tariff
How do tariffs work to protect infant industries?
They shield new industries in the early stages of their development from the competition of more mature rivals.
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.
The purpose of a protective tariff is to?
protect home industries from foreign competition
What is the purpose of a purpose of a protective tariff?
protect home industries from foreign competition
Why do developing countries often subsidize manufactures in growing industries?
To protect them 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.
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 is intended to protect domestic industry?
PROTECTIVE tariff
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.
During the early days of industrialization many members of congress believed that tariffs were necessary to?
protect new 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 .
What is the idea that government should protect industries from foreign competition?
The idea that government should protect industries from foreign competition is known as protectionism. This approach often involves implementing tariffs, quotas, and subsidies to shield domestic industries from international competitors, aiming to preserve jobs and promote local economic growth. Advocates argue that it can help nascent industries develop and maintain national security, while critics contend it can lead to inefficiencies, higher consumer prices, and trade disputes.
What can help to protect America from foreign competition?
The power to tax.
