Explore BrainMass
Share

tariffs, quotas

Since the case for gains from trade for a country is strong, why do governments continue to attempt to reduce trade with tariffs, quotas, and the like?

© BrainMass Inc. brainmass.com July 15, 2018, 7:17 pm ad1c9bdddf

Solution Preview

Government attempt to reduce trade with import tariffs and restrictions like quote to protect their domestic industries and businesses from foreign competition. By levying these restrictions, government attempts to provide a level playing field for domestic ...

Solution Summary

Since the case for gains from trade for a country is strong, why do governments continue to attempt to reduce trade with tariffs, quotas, and the like?

$2.19