Suppose that an industry in your nation was "hard hit" by imported goods, causing sales to drop and many people to loose their jobs. Should the government take any action? If actions should be taken, what should be done?© BrainMass Inc. brainmass.com October 24, 2018, 8:33 pm ad1c9bdddf
Yes, the government would indeed protect the rights and livelihoods of its citizens who supply the goods manufactured indigenously, even if they are slightly more expensive to produce or ...
Effects of imported goods are presented briefly.
Protecting The Domestic Market
How can a domestic market be protected? If a country had protected domestic market, what would be the likely effect on its balance of trade? Do you think that domestic market protection is to the disadvantage of most people in the country?View Full Posting Details