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TiliK225 [7]
3 years ago
9

Identify whether each scenario describes a drawback or an advantage of trade regulation. benefit of trade regulations drawback o

f trade regulations
Social Studies
1 answer:
lions [1.4K]3 years ago
7 0

When a <u>drawback</u> is imposed, US manufacturers are allowed to access rebates on taxes on goods they import to the country, as well as when they export them again. This is considered as something beneficial for local manufacturers, as they are able to improve their competitiveness towards overseas competitors who probably have less labor or material costs. In the overall scenario, this represents an advantage of trade regulation as it fulfills the purpose of increasing trade.

When a government grants <u>benefits</u> to producers, in order to foment the development of certain sectors, this represents an overall disadvantage, as there could be a potential inefficient assignment of resources due to the fact that there could be other sectors that could end up being more profitable for the country if they were to be assigned resources.



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Forests resources such as timber were also controlled by the colonial masters which was also exported and used to make a variety of products.

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4 years ago
How was the elstad case different from seibert's?
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3 years ago
Based on the quote how does the supreme court interpret the second amendment
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3 years ago
Which describes the idea that the Supreme Court should be reluctant to overturn the elected branches of government
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The Supreme Court has often been reluctant to overturn the decisions of the elected branches of the government. This reluctance is known as the policy of judicial restraint.

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