How do trade barriers affect international trade, Macroeconomics

Trade barriers come in a lot of forms. Quota is one. This is when a country sets a limit to the imported products. This is completed for a number of reasons. One is due to the government of the importing country wants to protect the local manufacturers.


In this way, trade barriers can affect the international trade due to it does not promote free trade. When countries trade with every other they do not want to have trade barriers due to it can result in an unfair trade where country A may export goods to country B but country B cannot do vice versa because country A sets up trade barriers such that it makes it very complex for country B to export.

 

Posted Date: 4/1/2013 4:08:07 AM | Location : United States







Related Discussions:- How do trade barriers affect international trade, Assignment Help, Ask Question on How do trade barriers affect international trade, Get Answer, Expert's Help, How do trade barriers affect international trade Discussions

Write discussion on How do trade barriers affect international trade
Your posts are moderated
Related Questions
An electrical company audit indicates that motor consumption is 4x106 kWh per year. By upgrading to high efficiency motors a 10% savings can be made. The additional cost for the mo

In real life, the operation of simple multiplier is affected by many leakages. Leakages in the multiplier arise out of the following reasons: (1) Saving:  If all the income is sp

Overnight target rates and inflation One of the main targets of every central bank is a low and stable inflation. It's main control variable is the overnight interest rate targ

Question 1: Consider a closed economy with no government sector in which consumption (C) is related to income (Y) by the equation: C = A + bY (a) What is the marginal pr

Who was the Labour Chancellor Gordon Brown In the period between 1997 and 2006 the Labour Chancellor Gordon Brown was committed to self-imposed Sustainable Investment Rule that


Calculating interest rates on a yearly basis If the maturity is different from one year, the interest rate is usually recalculated to a corresponding one year rate. For example

1. # of sellers, # of buyers 2. entry and exit conditions 3. product characteristics 4. short run P&Q determinations and the resulting 3 possibilities for excess profit (graphs ar

How has the Internet revolution affected the workings of businesses, consumers, and government in a free market economy? Specifically, how has Internet affected businesses' ability