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Jennifer Cortez
on Dec 08, 2024

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Tariffs, quotas, and exports subsidies all increase domestic production.

Tariffs

Taxes that a government places on imported goods, often to protect domestic industries or to raise revenue.

Quotas

Regulatory measures imposing limits on the amount or value of goods that can be traded, typically used in international trade.

Export Subsidies

Government payments made to domestic firms to encourage exports.

  • Distinguish between the justifications and objections regarding free trade and protectionism.
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HA
Harsh AgarwalDec 13, 2024
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