Answer:
A by causing real median household incomes to decline
C by limiting consumer choice
Explanation:
Negative effects of trade barriers (protectionism) policies include the following:
- weakening competition in the domestic market, and, consequently, incentives to improve production decsrease;
- the welfare of the population is decreasing due the rise in price of imported goods and the relative high cost of domestic goods, the deterioration of the quality of domestic goods, and the restriction of the freedom of choice of consumers;
- the country will suffer large losses due to the non-use of the absolute and relative advantages of the international division of labor and exchange.
This is confirmed, in particular, by the fact that after the Second World War, the gradual removal of trade barriers, such as tariffs and quotas, stimulated growth and increased the level of welfare wherever this happened, partly due to the expansion of the choice of goods for the population at lower prices. More importantly, trade also had a powerful beneficial effect on productivity, that is, on the efficient use of world resources for the production of economic goods.
Answer:
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Explanation:
Karl Marx wrote about capitalism in a very different way than Adam Smith. Whereas Smith saw the maximizing of self-interest resulting in a state of equilibrium, Karl Marx saw exploitation, or a situation where an individual is not receiving benefits to meet his or her needs.
Answer:
d trust me on usatestprep
Answer:
Constitutianale Government
Explanation:
constitutional government (a combination of oligarchy and democracy under law) the ideal form of government, but he observes that none of the three are healthy and that states will cycle between the three forms in an abrupt and chaotic process known as the anacyclosis.
There were 10 slave states and 11 free states
