Purchase Solution

Free Trade: Tariffs/Barriers and National Limitations

Not what you're looking for?

Ask Custom Question

Countries impose tariffs and other kinds of barriers that interfere with trade. Given what economics teaches us about the benefits of free trade, why do nations seek to limit it?

Purchase this Solution
Solution Summary

This solution outlines the reasons why some nations seek to limit free trade.

Solution Preview

There are clear benefits to free trade between nations. However, there are also some serious drawbacks to free trade. One of the biggest and most significant drawbacks in that free trade can act as a major threat to the local economy. Local businesses simply cannot survive or compete ...

Purchase this Solution
Free BrainMass Quizzes
Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Business Processes

This quiz is intended to help business students better understand business processes, including those related to manufacturing and marketing. The questions focus on terms used to describe business processes and marketing activities.

View More Free Quizzes
Related BrainMass Solutions

  • GATT and WTO

    402049 Lower Tariffs and Remove Barriers and Restrictions to Trade Two organizations are similar in their fundamental principles and primary goals to lower tariffs and remove artificial barriers and restrictions imposed by self-serving national governments

  • The Advantages and Limitations of International Trade

    146858 The Advantages and Limitations of International Trade What are the advantages and limitations of International Trade identified in the simulation? List four key points from the reading assignments that were emphasized in this simulation.

  • Balance of Trade Summarized

    Some of the economic factors affecting balance of trade are exchange rate fluctuations, trade agreements and barriers, tariffs on import and export, inflation in the home country.

  • What is Free Trade Area

    A free trade area is a cooperative arrangement among two or more nations, pursuant to the General Agreement on Tariffs and Trade, whereby trade barriers are removed among the members.

  • Tariff and Non-Tariff Barriers

    In their extreme, non-tariff barriers have been known to counterproductively been used to get around free trade rules as imposed by bodies such as the World Trade Organization (WTO), the North American Free Trade Agreement (NAFTA) and the European Union

  • barriers to international trade

    Barriers to trade are tariffs, quotas and non-tariff business. Tariffs are taxes imposed on external goods, quotas set quantity restrictions on imports and non-tariff barriers do not allow the import of some goods or goods from certain countries.

  • Free Trade

    76809 Free Trade If free trade is intended to benefit nations why do nations restrict trade? Cite examples of 'healthy' trade barriers.

  • Free trade

    263886 Free trade Arguments Against Tariffs Free trade initiatives argue against tariffs, quotas, and any other barriers to trade.

  • regional economic integration

    Different levels of economic integration: Free trade area: all barriers to the trade of goods and services among member are removed.

View More Related Solutions