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What else can I help you with?
What is intended to protect domestic industry?
PROTECTIVE tariff
A country trying to stop dependence on foreign imports and increase domestic manufacturing?
resource-dependent
Tariffs lower the price of foreign goods?
No, the opposite is true. Tariffs raise the price of foreign goods compared to domestic goods. Because of this, tariffs reduce imports.
The economic policy advocating government protection of domestic agriculture and industries from foreign competition by institution of tariffs quotas or other restrictions on foreign imports is called?
protectionism
What protects domestic producers from foreign competition?
Tariffs on imports will raise the price of imported goods so that domestic substitutes can be cheaper. Import quotas allows a limited number of imported goods into the country. Trade embargoes is a extreme case where no imports are allowed.
How did the US government attempt to facilitate the growth of domestic industry?
The US government attempted to facilitate the growth of domestic industry by placing high tariff barriers on foreign imports.
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 late nineteenth and early twentieth centuries the us Government attempted to facilitate the growth of domestic industry by?
Placing high tariff barriers on foreign imports.
What issues impact on the PFF industry?
The domestic PFF industry continues to face growing competition from foreign manufacturers. By the late 1990s imports had nearly doubled since the early 1990s, while exports had actually dropped.
What is the policy of protecting domestic industries from foreign competition by placing tariff on imports?
protectionism
A country trying to stop dependence on foreign imports and increase domestic manufacturing?
resource-dependent
The argument that foreign trade should be restricted to protect domestic employment and output is based on the idea that?
sales of imports come at the expense of domestic goods and jobs
What did the north and south want in terms of foreign trade control by congress?
The North wanted tariffs on imports, to protect its manufacturing industry. The South had virtually no manufacturing industry, so it wanted cheap imports.
Why did the french not normally buy testiles from other countries?
Historically, France had a strong textile industry that produced high-quality fabrics, making them less reliant on imports. Additionally, protective trade policies and regulations limited the import of foreign textiles to protect the domestic industry.
What do you think was the goal of U.S tariffs?
To protect manufacturing industry from cheap foreign imports. Industry was mostly in the North. The South wanted cheap imports. So the tariffs looked like the North taxing the South.
Tariffs lower the price of foreign goods?
No, the opposite is true. Tariffs raise the price of foreign goods compared to domestic goods. Because of this, tariffs reduce imports.
