Purchase Solution

Trade Restrictions and Economy Support

Not what you're looking for?

Ask Custom Question

Give three arguments for trade restrictions. Are there any arguments for trade restrictions that most economists would support? Discuss.

Purchase this Solution
Solution Summary

The solution provides a structured explanation of reasons that support trade restrictions . It also gives you the relevant references.

Solution Preview

The first argument for trade restrictions is that trade restrictions prevent dumping of goods in the local market. Dumping occurs when foreign producers sell goods at prices below their production cost to drive out local competition.

The second argument for trade restrictions is that these help new and infant industries. The argument is that the size of new industries is very small and there are diseconomies that prevent them from competing effectively with foreign producers.

The third argument is that the country should develop industries ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
  • "I read your comments, and thank you for this feedback. Do I need to find other studies that applied this methodology Ive used? That's where I'm stuck at."
  • "Thank you kindly sir. "
  • "Excellent and well explained. --Thank you kindly. "
  • "Awesome notes. I appreciate you."
  • "I have the follow-up project and I will assign that to you very soon. "
Purchase this Solution
Free BrainMass Quizzes
Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

View More Free Quizzes
Related BrainMass Solutions

  • Analyzing Trade Restrictions

    Are there any arguments for trade restrictions that most economists would support? Discuss. Trade restrictions come in many forms, shapes, and sizes, and this must be taken into account when considering the arguments for and against restrictions.

  • sanctions, tariffs, quotas, and trade restrictions

    Otherwise, such tariffs are a barrier to a free market economy. How do international sanctions, tariffs, quotas, and trade restrictions affect international trade and costs of production?

  • Foreign Aid

    Who are the winners and losers from trade restrictions? Given that trade restrictions impose losses on an economy, why are trade restrictions so common.

  • NAFTA

    100486 Support your side with three specific reasons why you support or oppose NAFTA, with information found on internet sites or articles found in the library. I need you to discuss if you support or oppose the North American Trade Agreement.

  • Trade deficit and protectionism

    226427 Trade economics 1. What are the arguments in favor of trade restrictions, and what are the counterarguments? According to most economists, do any of these arguments really justify trade restrictions? Explain. 2.

  • Trade Restrictions

    206397 Trade Restrictions Arguments What are some of the common arguments for and against trade restrictions? Choose a position and describe why you think it is valid.

  • Knowledge about International Trade

    For these reasons the government policy should support the goal of increasing international trade and avoid restrictions such as various tariffs, quotas, or other barriers.

  • NAFTA and Free Trade

    ., Canada, and Mexico to drop all taxes, tariffs, and other restrictions so that the three countries can trade freely back and forth with one another.

  • CHAPTER 18. WTO

    The arguments that support such restrictions are that the government is seeking to support infant industries.

View More Related Solutions