The protection of markets with excess labor refers to the erection of barriers to imports of products competing with local offerings in an effort to protect local jobs. This is found in the <u>"Arguments for Protectionism"</u> section.
<u>Explanation</u>:
Arguments for Protectionism were made to protect the national security value of the trade. The arguments for protectionism section comprise many protection measures. They are as follows:
i) Protection on markets with excess productive capacity
ii) Employment protection and protection of markets with excess labor
iii) Protection of consumers
iv) Infant industry arguments
v) National defense interests
Excess productive capacity in the markets can help in invoking the protection of local labor and preventing purchase from foreign countries.
Answer:
Some of the very powerful states were Achham, Jajarkot, Jumla etc. ... ... Kathmandu was a single political unit during the early period of Malla rule but after the end of the Yakshya Malla, it was divided into three states, namely Kantipur, Patan, and Bhadgaon.
Explanation:
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The Speaker of the House would begin presidency.
The purpose of an economic model is to explain the behavior of the issue being examined.
c) explain the behavior of the issue being examined.
<u>Explanation:</u>
The thesis of the economic behavior that can be tested is obtained through an economic model. The economic model describes reality in simplified manner.
Economists generally rely on economic theories or models to study the issues in real-world. The economic models propose the economic ideas that will be helpful for the individuals, company or the government to make decisions. The economic model explains the behavior of the issue that is examined, and helps economist to make predictions about the real world.
Economists use economic models to answer questions.
Answer:
It created a feudal political system in which the emperor was dictatorial, autocratic and centralized. This system itself stipulates that everything in the world depends on the top.
