Discuss actions governments can use to restrict free trade

Assignment Help Microeconomics
Reference no: EM13242764

Explain why free trade between countries without government restrictions is desirable for the consumer. Discuss actions governments can use to restrict free trade; give at least two specific examples and explain the advantages and disadvantages of government restriction on free trade in each situation.

Reference no: EM13242764

Questions Cloud

Compute the maximum electrical work generated : A particular voltaic cell operates on the reaction below, giving an emf of 0.865 V. Calculate the maximum electrical work generated when 20.0 g of zinc metal is consumed. Zn(s) + CI2(g) ? Zn2+(aq) + 2 Cl ?(aq)
What is the magnitude of the field : After being accelerated through a potential difference of 5.42 kV, a singly charged carbon ion (12C) moves in a circle of radius 20.8 cm in the magnetic field of a mass spectrometer. What is the magnitude of the field
Define what is the mass in grams : What is the mass in grams for each of the following: a) 5.12 mol of Al, b) .75 mol of Cu, c) 3.52 mol of MgBr2, d) 0.145l of C2H6O, e) 2.08 mol of (NH4)2SO4.
Why did americans move in 1775-1776-rights of englishmen : How and why did Americans move in 1775-1776 from fighting only for “the rights of Englishmen” within the British Empire to declaring their independence?
Discuss actions governments can use to restrict free trade : Discuss actions governments can use to restrict free trade; give at least two specific examples and explain the advantages and disadvantages of government restriction on free trade in each situation.
Explain the balanced chemical equation describing : 1In a hydrogen fuel cell, hydrogen gas and oxygen gas are combined to form water. Write the balanced chemical equation describing this reaction (using lowest whole-number coefficients).
What is the balls velocity : What is the ball's velocity just after leaving the bat if the bat applies an impulse of ?8.4N?s to the baseball
Evaluate the extent to which the price ceiling achieves : 1) Give one example of a price floor and one example of a price ceiling. 2) State the purpose of these legal prices and assess their impacts on the market. 3) Evaluate the extent to which the price floor achieves its purpose. 4) Evaluate the extent t..
Define the molar mass of the kh2po4 : What is the molar mass of the following: a) O2, b) KH2PO4, c) Fe(ClO4)3, d) C4H8O4, e)Ga2(CO3)3, f) KBrO4. Please use significant figures.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd