Restrictions on international trade, Microeconomics

Assignment Help:

Protection against dumping:

It could be looked at as the export of commodities priced below cost of production. Dumping is generally looked upon as an unfair trading practice and for that reason industries fearing competition from dumped goods ask for tariffs to protect them. An export subsidy is s salient form of dumping. Export subsidies are direct payments made or the granting of tax relief and subsidized loans to the nation’s exporters so as to stimulate the nation’s exports. These make the nation’s exports price competitive on the international markets.

National Security: Some key industries such as agriculture and industries producing goods that are important for the defense of the country must be maintained. Countries therefore protect these industries.

To raise revenue: Tariffs are sometimes justified as a means of raising revenue for the government, but in modern economies this is a comparatively unimportant source of government revenue.


Related Discussions:- Restrictions on international trade

Should the Government Provide National Health Insurance, What is meant by t...

What is meant by the multifaceted nature of the U.S. health care system? How is health care financed in the U.S.? What is the advantage and disadvantage of the U.S. multi-payer sys

Elasticities of demand, The price of a laptop increases by 20% and there is...

The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.

Demand and supply, Dance fans switches away from Dance music to R&B music A...

Dance fans switches away from Dance music to R&B music AND the price of MP3 players increases

Administrative reforms - economic policy, ADMINISTRATIVE REFORMS - ECONOMIC...

ADMINISTRATIVE REFORMS - ECONOMIC POLICY: During the last few decades, phenomenal changes are taking place at a fast rate in the field of science and technology as well as in

What is the sign of the cross price elasticity, Australians are turning to ...

Australians are turning to scooters to combat escalating petrol prices. After a slump in the March quarter this year, demand for scooters was up by more than 7 per cent in the firs

Cost theory, What are the economies and diseconomics of scale?

What are the economies and diseconomics of scale?

What is black economy, Defining black economy, If you pay your cleaner or ...

Defining black economy, If you pay your cleaner or builder in cash or for some reason neglect to tell the taxman which you were paid for a service rendered, you participate in the

Explain about demand - constrained, Q. Explain about Demand - Constrained? ...

Q. Explain about Demand - Constrained? Demand-Constrained: An economy is demand-constrained when level of output and employment is limited by the amount of overall demand (or s

Write Your Message!

Captcha
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