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What us policy stated no single country should have a monopoly on trade with china?

The buttcrack policy started in 1969


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.


Should a developed country help developing countries?

Yes, Australia regularly helps developing countries both in the form of government funded aid and aid from the private sector.


What is the Relationship between political systems and economic system?

The direct relationship between a political system and economic system is depenent on your belief of how much of the country's resources should be owned by the state, how much the state should look after the needy (children, sick, unemployed, elderly, disabled etc) and how much should individuals be responsible for themselves (education, healthcare). These beliefs will determine taxation policy (to pay for the above).Most countries in the west are highly developed economies so the only real shift in policy is slightly left/right of centre and the problem of the various political parties is to decide what makes them stand out as a party.


What factors should a country consider when designing a tax policy?

When designing a tax policy, a country should consider factors such as economic growth, equity, efficiency, and simplicity. Balancing revenue generation with the need to minimize economic distortion is crucial, as is ensuring that the tax system is equitable and does not disproportionately burden any group. Additionally, simplicity in tax compliance and administration can enhance taxpayer compliance and reduce administrative costs. Finally, the impact of tax policies on investment, savings, and consumption patterns should also be evaluated to foster a healthy economic environment.

Related Questions

How much do you think president's personal beliefs should shape national policy?

They should not put their beliefs in national policy. They should do what is best for the country itself.


What us policy stated no single country should have a monopoly on trade with china?

The buttcrack policy started in 1969


What is Mercantilists?

a policy based on on the idea that a country should sell more goods than it buys


Is UAE a developed country?

it is unfortunate that an average individual classify a country as developed by its physical infrastructure, UAE is no where an industrialized (transitional) country not to classed developed, development constitute economically, infrastructural, human and social development, they must go along in hand, before a country can be classed developed, the countries on transitions are the countries where fully developed countries emerge from, in other hands UAE is has infrastructural, human and social development, but no where close to economical development, they are far from been economically developed, and there is a big minus, and the reason why they are still a developing country, UAE has no industrial base, if they can close this gap, they can be considered, i am an economist, if you are to consider a country to be on the list of a fully developed countries, that country should be Malaysia, if there should be a new term as newly developed countries, Malaysia and turkey, will be in that list. not UAE, far from been on that list.


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.


During the colonization period how did the countries involved in this practice benefit?

Theoretically both countries should have benefited. The colony should have become more developed and the coloniser should have enriched itself from the new resources. In practice this seldom happened. The colonising country did indeed enrich itself often to the detriment of the less developed country.


A sentence for the word open door policy?

Here's two: The Open Door Policy was proposed in 1899. The Open Door Policy stated that no single country should have a monopoly on trade with China. Hope I helped. :3


Should national interest be the focus of foreign policy?

Yes, national interest should be the focus of foreign policy. A country's primary responsibility is to protect and promote its own interests and well-being. Foreign policy should aim to secure the nation's economic, security, and political interests, while also fostering relations with other countries based on mutual benefit and cooperation.


Is Oman undeveloped?

Oman does not yet have all the facilities a fully developed country should have.


Will the auto insurance I bought in Arizona cover me when I travel cross country?

That depends entirely on the policy you have. You should contact your insurer and ask them.


Should written policies contain?

Should written policy contain policy statements


Whom did presidents Lincoln and Johnson believe should be in charge of Reconstruction policy?

because they were the presidents even though the country was divided in half.