Name two trade barriers in the U.S. How do these barriers affect trade?

1 answer:

8 0

Trade barriers are government-induced restrictions on international trade.The barriers can take many forms, including the following:Tariffs,Non-tariff barriers to trade, Import licenses, Export licenses,Import quotas, Subsidies, Voluntary Export Restraints,Local content requirements, Embargo, Currency devaluation, Trade restriction....Most trade barriers work on the same principle: the imposition of some sort of cost on trade that raises the price of the traded products. If two or more nations repeatedly use trade barriers against each other, then a trade war results.Economists generally agree that trade barriers are detrimental and decrease overall economic efficiency; this can be explained by the theory of comparative advantage. In theory, free trade involves the removal of all such barriers, except perhaps those considered necessary for health or national security. In practice, however, even those countries promoting free trade heavily subsidize certain industries, such as agriculture and steel.

You might be interested in

Which of the following statement best expresses a reason for European imperialism in the 1800s

algol [13]

Answer:

European nations wanted to control lands that had raw materials for industry and manufacturing.

Explanation:

The Europeans focus on expanding their market and crave for more raw materials which are cheaper compared to other countries.The Africa became dependent to European imperialism.

4 0

2 years ago

The Industrial Revolution spread from England to other countries. By the end of the 1800s, what two nations rivaled Great Britai

atroni [7]

The nations of Germany and the United States

5 0

2 years ago

How did the Cold War between the United States and the Soviet Union begin?

givi [52]

Answer:

Explanation:

7 0

3 years ago

Read 2 more answers

Which is true about scottish explorer david livingstone?

skelet666 [1.2K]

David Livingstone was a Scottish missionary, explorer, and anti-slavery advocate. He embarked upon several missions into Africa, venturing farther into the interior than previous European explorers. While trying to find the source of the Nile River, he became ill in what is now northern Zambia. After his death in 1873, Livingstone’s heart was removed and buried in the African soi

7 0

2 years ago

Colonial Modifications of the Environment

Fed [463]

Answer:

Explanation:

This is tough and requires a level of interpretation. I will refer to the modifications in the box as 1-3 in the order they are listed and the possible answers I will refer as a-d in the order they are listed. Lets analyze:

First the question; it's asking us, based on 1-3, which one of a-d are the most true to answer the question, "why did the colonist modify the environment?"

I will start with what is most false and work to find our answer. B is not the answer. Nothing in 1, 2, or 3 applies specifically to protection.

C is not the best choice. While 1 and 3 could apply, 2 simply does not.

D is a tough one. It could be argued that the impact of all 3 answers are to encourage development of the trade we with England, but that is relying on outside information not provided to us. The statements 1, 2 and 3 have no specific mention of britain or trading.

That leaves A. 1 says clearing forests for lumber. Lumber is an economic good. 2 is also a economic good. 3 applies to transportation of goods as well as the town's that are needed for people to live and trade goods and services.

I believe answer A is the best choice.

5 0

3 years ago