Globalisation And Trade Restrictions (continued)
Bayani Gaba-gaba
Free trade lets countries specialise and buy goods more cheaply from abroad, yet almost every government still puts up barriers against some imports. Why? Behind each tariff or quota lies an argument, protecting new industries, saving jobs, guarding against unfair dumping, or raising revenue, and each argument has a counter-argument.
In this lesson you will work through the full set of reasons governments restrict trade, from protecting infant and strategic industries to discouraging demerit goods and protecting the environment. You will analyse the impact of restrictions on the home country and its trading partners, and weigh the advantages against the disadvantages. By the end you will be able to argue both sides and reach a judgement, exactly what evaluation questions demand.
Manufura
- protect infant (sunrise) industries
- protect declining (sunset) industries
- protect strategic industries
- avoid dumping
- reduce a deficit on the current account of the balance of payments
- raise tax revenue
- restrict the import of demerit goods
- promote environmental sustainability
- impact of trade restrictions on the home country and its trading partners
- advantages and disadvantages of restricting free trade
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Taswirar tunani
An zana wannan batu don ka ga yadda ra'ayoyi ke hadewa.
Bude taswirar tunani a cikin manhaja
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Gwaji mai sauri kan abin da ake jarraba a wannan batu.
Yi atisayen wadannan katuna a cikin manhaja
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Nazarin Darasi
Barka da kammala darasi akan Globalisation And Trade Restrictions (continued). Yanzu da kuka bincika mahimman raayoyi da raayoyi, lokaci yayi da zaku gwada ilimin ku. Wannan sashe yana ba da ayyuka iri-iri Tambayoyin da aka tsara don ƙarfafa fahimtar ku da kuma taimaka muku auna fahimtar ku game da kayan.
Za ka gamu da haɗe-haɗen nau'ikan tambayoyi, ciki har da tambayoyin zaɓi da yawa, tambayoyin gajeren amsa, da tambayoyin rubutu. Kowace tambaya an ƙirƙira ta da kyau don auna fannoni daban-daban na iliminka da ƙwarewar tunani mai zurfi.
Yi wannan ɓangaren na kimantawa a matsayin wata dama don ƙarfafa fahimtarka kan batun kuma don gano duk wani yanki da kake buƙatar ƙarin karatu. Kada ka yanke ƙauna da duk wani ƙalubale da ka fuskanta; maimakon haka, ka kallesu a matsayin damar haɓaka da ingantawa.
- A tariff is best described as: A. a limit on the quantity of imports B. a tax on imported goods C. a subsidy to exporters D. a ban on imports Answer: B
- Protecting a new, unestablished industry from foreign competition is the: A. dumping argument B. strategic industry argument C. infant (sunrise) industry argument D. revenue argument Answer: C
- Selling exports below their cost of production to capture a foreign market is called: A. a quota B. dumping C. a tariff D. an embargo Answer: B
- A likely disadvantage of imposing tariffs is that: A. consumers enjoy lower prices B. trading partners may retaliate with their own barriers C. government revenue falls D. domestic firms become more efficient Answer: B
- Which is a NON-tariff barrier to trade? A. a tax on imports B. an import quota C. an income tax D. an interest rate cut Answer: B
Yi aikin wadannan tambayoyi a cikin manhaja
Yi aikin wadannan tambayoyi a cikin manhaja
Littattafan da ake ba da shawarar karantawa
Ƙarin koyo daga tushe na buɗe
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Sashen littafi
Arguments in Support of Restricting Imports
Explain and analyze various arguments that are in support of restricting imports, including the infant industry argument, the anti-dumping argument, the environmental protection argument, the unsafe consumer products argument, and the national interest argument
"Principles of Economics 2e: Arguments in Support of Restricting Imports" by OpenStax, OpenStax, Rice University, licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). Source: https://openstax.org/books/principles-economics-2e/pages/34-3-arguments-in-support-of-restricting-imports. Access for free at https://openstax.org/books/principles-economics-2e/pages/1-introduction
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