By which the nations can support their domestic industries

Assignment Help International Economics

Reference no: EM13192399

In an effort to encourage free trade, imagine that the members of the World Trade Organization agreed to dismantle all tariff protection of domestic industries in their respective countries.

Do you think that such a commitment will necessarily result in freer trade? Are there alternative means by which these nations can support their domestic industries that have the same effects as tariffs? Are there alternative means of supporting local industries that have lower efficiency cost than tariffs? Why do you think that a government might choose to protect its industry using a tariff rather than simply offering a production subsidy?

Reference no: EM13192399

Questions Cloud

By how much would total interest be greater : Suppose that the interest rate is 4 percent. What is the future value of $100 four years from now How much the future value is total interest By how much would total interest be greater at a 6 percent interest rate that at a 4 percent interest rat..

Smaller organizations are better positioned : Do you agree with the idea that smaller organizations are better positioned to be more effective users of CRM than larger ones? Why or why not?

Taft administration : Which of the following statements most accurately characterizes the state of the Republican Party in Congress at the beginning of the Taft administration?

Development of a school-age child : Parents like to think that they are the only influence in their child's development, but what about peers? What role do they play in the development of a school-age child?

By which the nations can support their domestic industries : In an effort to encourage free trade, imagine that the members of the World Trade Organization agreed to dismantle all tariff protection of domestic industries in their respective countries. Do you think that such a commitment will necessarily resu..

Attention deficit hyperactivity disorder : One of the major developmental disorders that we often hear about is attention deficit hyperactivity disorder (ADHD). There have been several hypotheses tested in search of a cause of ADHD.

Positively influence albertson''s profitability : Explain the logic as to how Forman's 3-day course could positively influence Albertson's profitability.

Defreshfish has been in business : DeFreshFish has been in business for ten years selling custom fishing lures to local fishermen through its store in a shopping mall. The company's owners are considering opening a Web site and selling their products internationally.

Market demand-resource and capacity constraints : Which application's primary business benefits include market demand, resource and capacity constraints and real-time scheduling?

User Account

All Pages