Question:

What are four arguments for imposing trade barriers?

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What are four arguments for imposing trade barriers?

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  1. 1. Raise revenue for government

    2. Promote domestic production (jobs are therefore kept/created in the country)

    3. Reducing pollution (if the goods are undesirable)

    4. Helping to protect infant industries (new domestic industries trying to start up). This will keep additional revenue and jobs in the country in the long run (possibly avoiding capital flight).


  2. 1. Protection from products that do not meet safety standards

    2. Protects domestic businesses from being undercut by countries that can produce the same product more cheaply

    3. Taxes

    4. Protection of domestic resources

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