Question

Since free trade increases wealth, some argue that all trade barriers should be removed. Argue for and against removing existing trade barriers. (10 points)

Answer 1

Answer:

Explanation: The point that favors trade barriers is that through them, the commercial interests of a nation are protected over others that practice imports of its products and to which the payment of taxes is established for the benefit of the nation to the one that wants to enter the merchandise.

The point against eliminating trade barriers creates a disadvantage for national companies since they are forced to lower their prices with reference to competition in the marketing of their products, apart from the fact that government entities would not benefit since the absence of collections by tariffs could not generate income in the State's cashier.