international trade advocates say that"some trade is better than no trade" and "free trade is better than protected trade".
State an argument for trade protection in one short sentence.
9 answers
Trade protection can help protect domestic industries from unfair competition and ensure job stability for local workers.
describe one benefit of trade?
One benefit of trade is increased variety and availability of goods and services for consumers.
An import or export quota is a trade protection measure .Explain what an import quota is?
An import quota is a specific limit set by a government on the quantity of a certain good that can be imported into a country during a specified period of time.
Explain clearly and briefly what free trade is ?
Free trade is a policy in which goods and services can be exchanged between countries without restrictions or barriers, such as tariffs or quotas, allowing for greater competition and efficiency in the global market.
Apart from quota, identify an example of a measure to protect or restrict trade?
One example of a measure to protect or restrict trade is the imposition of tariffs, which are taxes placed on imported goods, making them more expensive and less competitive in the domestic market.