a) Free trade- International trade left to its natural course
without tariffs, quotas, or other restrictions.
b) For- protects domestic employment
Protect economy from low cost labour
Protect infant industries
Avoid over-specialization
Strategic reasons
Prevent dumping
Protect product standards
Raise gov revenue
Correct balance of payment deficit
Against- raise prices for consumers
Less choice for consumers
Decreased competition
Inefecient use of world resources
Hinder economic growth
c) Prob diesl
Chip c
No comments:
Post a Comment