0
Free trade leads to lower prices and greater sales.
Coleman Kuhic
Wiki User
∙ 6y agoLower tariffs equals lower cost of the item.
Add your answer:
Earn +20 pts
How did the growth of trade lead to the renaissance?
the demand for luxury goods led to an increase in trade this made many tradesmen wealthy
What is a trade deflection?
When two or more countries form a free trade area, they do not have tariffs that are homogeneous with respect to the rest of the world. Consequently, it is possible for one country then to import all of a certain good that the other country previously imported, only to turn around and trade it to another country in its free trade area. This lowers the amount of government revenue in the consuming country and can lead to decreases in surplus.
How did the Renaissance lead to trade and a commercial revolution?
The Renaissance ushered in the Age of Exploration, which played a large role in the expansion of trade and the Commercial Revolution. Because of discovery voyages and acquisitions, Europeans were able to expand trade networks and increase their world power through empires.
Dangers in reducing inventories?
When items are required on a breakdown basis and find out that there is not enough stock as a result of reducing it, this could lead to loss of production.
How did the economy of thhe southern states lead to the civil war?
The success of the cotton trade led the South to feel strong enough to form a separate nation. The tariffs on imports had set up a lot of resentment over the years, as it was the non-industrial South that needed the imports.
Why do protecting tariffs lead to reduced international trade?
Protective tariffs increase the price of goods and limit the sale of those goods.
What we're the three causes of the great crash?
One of the causes of the great crash was an increase in credit. Next, came the tightening of credit which lead to share sales. Lastly, many countries raised tariffs.
Americans who oppose protective tariffs believe that?
Tariffs may lead to ill will among countries
How did the growth of trade lead to the renaissance?
the demand for luxury goods led to an increase in trade this made many tradesmen wealthy
What effect does the pencil lead have on the speed of a motor?
Pencil lead applied to the moving parts will improve performance by reducing friction. This may or may not increase the speed of the motor for a given power supply.
What improvements did farming lead to an increase in production of food?
trade and transportation and the things they had around them
Why did the Erie Canal lead to an increase of the population of Michigan?
because it was easier for people to trade and import/ export goods to other contries.
Is reducing lead oxide with carbon to produce lead endothermic or Exothermic?
It is endothermic
Why were the four trade cities in Italy important economically?
It was a center of trade, because it had lots of access to water, and docks. HOpe this helps!
What did the decline of Axum lead to?
The rise of Muslim cities, The decline of Judaism, and an increase in wealth and trade of Axum's neighboring kingdoms. the only one it didn't lead to was C, The Bantu uniting all of Africa.
What is the trade feedback effect?
The Trade Feedback Effect trade feedback effect The tendency for an increase in the economic activity of one country to lead to a worldwide increase in economic activity, which then feeds back to that country. An increase in U.S. imports increases other countries' exports, which stimulates those countries' economies and increases their imports, which increases U.S. exports, which stimulates the U.S. economy and increases its imports, and so on. This is the trade feedback effect. In other words, an increase in U.S. economic activity leads to a worldwide increase in economic activity, which then ―feeds back to the usa
How did an increase in trade lead to the growth of towns and cities?
As the trade increased, the towns grew larger, and several cities became wealthy from trade. Slowly, people began using money again to pay for goods.
