Explore BrainMass
Share

Explore BrainMass

    tariffs, quotas

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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 October 10, 2019, 3:57 am ad1c9bdddf
    https://brainmass.com/economics/trade-agreements/tariffs-quotas-442926

    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