Trade Policies: Business vs. Consumers
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Whose interests should be the paramount concern of government trade policy - the interests of producers (businesses and their employees) or those of consumers? What are the arguments for and against the choice you made?
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Solution Summary
A short review of the argument on what should be the concern of government trade policies, businesses or consumers. The explanation is given in 337 words with two references.
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Problem: Whose interests should be the paramount concern of government trade policy - the interests of producers (businesses and their employees) or those of consumers? What are the arguments for and against the choice you made?
Solution:
When considering trade policies, the answer should be both. If trade policies are skewed too much to consumers, then businesses have difficulties and it is business and employees that create consumers. However, if policies are skewed to business, the consumer may find it difficult to be priced into the market.
However, trade policies that favor business can definitely ...
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