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Government and economic interventions, pros and cons

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Identify the main economic motives for government trade intervention. What are the drawbacks of each method of intervention

There are political motives. That is politicians like to keep jobs in their districts even though it may not be the most advantageous economically...

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Identify the main economic motives for government trade intervention. What are the drawbacks of each method of intervention? An expert explores this for you in detail.

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There are political motives. That is politicians like to keep jobs in their districts even though it may not be the most advantageous economically (say keeping a shipyard in MA where labor costs are higher VS having one in South Carolina). This costs the taxpayers more money and if it is further away, shipping the materials and finished product could cost more. When the government has ...

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