answersLogoWhite

0

Some argue that free trade doesn't work effectively as an economic policy because it can lead to job losses in certain industries, income inequality, and exploitation of workers in countries with lower labor standards.

User Avatar

AnswerBot

7mo ago

What else can I help you with?

Continue Learning about Economics

What do monetarists criticize fiscal policy?

Monetarists criticize fiscal policy primarily because they believe it can lead to inflation and economic instability due to its reliance on government spending and taxation decisions. They argue that fiscal policy is often subject to political pressures, resulting in inefficient allocation of resources. Instead, monetarists advocate for controlling the money supply as a more effective means of managing the economy, emphasizing the importance of stable monetary policy over discretionary fiscal interventions.


Trickle down economic policy supported by?

Trickle-down economic policy is supported by proponents who argue that tax cuts and benefits for the wealthy and businesses will stimulate investment, job creation, and economic growth, ultimately benefiting all levels of society. Advocates believe that when the rich have more capital, they will spend and invest more, leading to increased employment and higher wages for lower-income individuals. Critics, however, argue that this approach often exacerbates income inequality and fails to deliver the promised benefits to the broader population.


What were the Physiocrats and what economic policy did they argue for?

Physiocrats were a group of pre-classical economists in France who argued that the wealth of a country was made from the productive work of its labour, especially in agriculture. They advocated support and capital investment in agriculture.


What is the economic system that promote economic equality?

Not everyone agrees about which economic system best promotes economic equality. Those who advocate for socialism often argue that it's the fairest economic system.


Keynesian argue a lack of spending is?

Keynesians argue that a lack of spending leads to decreased demand, which can result in economic stagnation or recession. When consumers and businesses cut back on expenditures, it creates a ripple effect, reducing production, leading to layoffs, and further diminishing consumer confidence. This cycle can perpetuate economic downturns unless addressed through government intervention, such as increased public spending or monetary policy adjustments. In essence, Keynesians believe that active government involvement is necessary to stimulate demand and rejuvenate the economy.

Related Questions

What do monetarists criticize fiscal policy?

Monetarists criticize fiscal policy primarily because they believe it can lead to inflation and economic instability due to its reliance on government spending and taxation decisions. They argue that fiscal policy is often subject to political pressures, resulting in inefficient allocation of resources. Instead, monetarists advocate for controlling the money supply as a more effective means of managing the economy, emphasizing the importance of stable monetary policy over discretionary fiscal interventions.


How do you prove a non-preexisting condition?

It is up to the entity claiming it is pre-existing to prove that it was known prior to the policy effective date. You may need to get a lawyer to successfully argue that point.


Trickle down economic policy supported by?

Trickle-down economic policy is supported by proponents who argue that tax cuts and benefits for the wealthy and businesses will stimulate investment, job creation, and economic growth, ultimately benefiting all levels of society. Advocates believe that when the rich have more capital, they will spend and invest more, leading to increased employment and higher wages for lower-income individuals. Critics, however, argue that this approach often exacerbates income inequality and fails to deliver the promised benefits to the broader population.


Why is it problemetic to base your economy on one product?

Proponents of economic democracy generally argue that modern capitalism periodically results in economic crises characterized by deficiency of effective demand, as society is unable to earn enough income to purchase its output production.


What were the Physiocrats and what economic policy did they argue for?

Physiocrats were a group of pre-classical economists in France who argued that the wealth of a country was made from the productive work of its labour, especially in agriculture. They advocated support and capital investment in agriculture.


Why do people argue with the referee?

Poeple that argue with umpires doesnt make sence. Once a call has been made it cant be changed, so why argue? competitors do this to try intimidade the umpire. It makes them feel better about themselves.


What does a claim of policy argue?

Answer this question… Whether or not a specific action should take place


What does a claim policy argue?

Answer this question… Whether or not a specific action should take place


What does claim of policy argue?

Answer this question… Whether or not a specific action should take place


What is the economic system that promote economic equality?

Not everyone agrees about which economic system best promotes economic equality. Those who advocate for socialism often argue that it's the fairest economic system.


If you argue with a boy a lot does that mean you like each other?

haha. awww, hate to break it to you hunni, but just cause the two of you argue alot , doesnt mean you like each other :)


What are the political and cultural arguments for and against limiting immigration?

Proponents of limiting immigration often argue that it helps protect national security, preserves cultural identity, and ensures economic stability by reducing competition for jobs and resources. They believe that a controlled immigration policy allows for better integration of newcomers and maintains social cohesion. Conversely, opponents argue that immigration enriches cultural diversity, drives economic growth, and fills labor shortages, particularly in essential sectors. They contend that a more open immigration policy fosters innovation and strengthens communities by bringing in diverse perspectives and skills.