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What are the principal tools of commercial policy in international market?
The principal tools of commercial policy in the international market include tariffs, quotas, and subsidies. Tariffs are taxes imposed on imported goods, making them more expensive and less competitive compared to domestic products. Quotas limit the quantity of certain goods that can be imported, protecting local industries from foreign competition. Subsidies provide financial support to domestic producers, allowing them to lower prices or increase production, further promoting local goods over imports.
What is a good sentence for domestic?
I prefer domestic vehicles over imported vehicles.
Is Budweiser domestic or imported beer?
Very domestic. It is made in Houston, TX.
What are the determinants of aggregate supply?
a. input prices 1. domestic resources prices 2. prices of imported resouces 3. market power b. productivity c. legal-institutional environment 1. business taxes and subsidies 2. government regulation
What is the purpose of protectionist trade policies such as tariffs and subsidies?
They allow producers to sell their products more cheaply than foreign competitors... apex
What is the difference between international and domestic drinks?
That would be domestic and imported. A domestic beer is any beer that is made in the country you are in ( i.e. America has Budweiser, Coors, Miller etc. those are domestic. we also have imported which would be Corona, heineken, Red Stripe)
What did colonial cities function primarily as?
mercantile centers for collecting agricultural goods and distributing imported manufactured goods.
What products are imported from Israel?
Products imported from Israel include machinery, software, cut-diamonds, chemicals, and agricultural products.
What 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.
What is one reason Europeans governments protect the growing of food with subsidies even though imported food would be cheaper?
to have food in case imports are cut off.
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.
What is agricultural machinery prospect in Nigerian?
A large portion of agricultural machinery that is being used in Nigeria are imported. There are only two tractor assembly plants in Nigeria. In order to fabricate the agricultural equipment large funding is necessary.
