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In a free enterprise (market) economy, the expected role of the government is to allow free operation of the market unless market failure occurs at which point it intervenes to prevent welfare losses.
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How involved should the government be in regulating foreign trade?
the government should be more involved than it is now but it is kind of involved
What are the two key methods the governments use to intervene in foreign trade?
war and sanctions.
Which of the following arguments is an example of globalization?
A merchant argues that he should be allowed to trade in other countries despite government regulations. :)
What were the effects of trade in the renaissance?
The effects of trade has an effect on the economy and the government.
What was the british policy of mercantilism?
Government should regulate the trade to increase revenue and power. Colonies should serve the mother country. Mother country served by selling manufactured goods to the colonies.
How can governments intervene in trade?
there are no governments.....only George West
What kind of trade policy should business be pressuring government to adopt?
Business should be pressuring government to encourage fair trade and competition. This should ensure that businesses have a level playing field when investing.
Who said There should be no government regulations on trade?
Adam Smith
How involved should the government be in regulating foreign trade?
the government should be more involved than it is now but it is kind of involved
How involved should government be in regulating foreign trade?
the government should be more involved than it is now but it is kind of involved
Describe the extent of trade developed?
Other important factors affecting transport costs are the extent of a country's trade. Geographical characteristics obviously explain the zero figures for trade.
What are the two key methods the governments use to intervene in foreign trade?
war and sanctions.
How did Aaron Burr demonstrate the weakness of the US government?
In his enforcement of the Embargo Act of 1807, while it failed in terms of foreign policy, Aaron Burrdemonstrated that the federal government could intervene with great force at the local level in controlling trade that might lead to war.
What is the government's standpoint on trade and protectionism?
government's standpoint on trade and protectionism is that he allows free trade
What is S.A government standpoint on trade and protectionism?
government's standpoint on trade and protectionism is that he allows free trade
What is the SA government standpoint on trade and protectionism?
government's standpoint on trade and protectionism is that he allows free trade
Should the government take care of the poor?
Only if they are disabled and absolutely can not work. If they are able to work then they should be taught a trade and go to work.
