Commerce Protection in International Trade
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Questions and Answers

How does commerce protection impact international trade?

  • It can lead to trade disputes and tariffs (correct)
  • It has no impact on international trade
  • It always results in free trade agreements
  • It facilitates seamless trade across borders

    • What is one of the key benefits of commerce protection?

  • Promoting cultural exchange
  • Reducing environmental impact
  • Ensuring fair competition and preventing monopolies (correct)
  • Boosting technological innovation

    • What is a potential drawback of excessive commerce protection?

  • Expanded job opportunities
  • Reduced consumer choices and higher prices (correct)
  • Increased product quality and safety
  • Enhanced market competition

    • What are some common methods of commerce protection?

    <p>Common methods of commerce protection include tariffs, quotas, and subsidies.</p> Signup and view all the answers

    What are some potential consequences of inadequate commerce protection for a country's economy?

    <p>Inadequate commerce protection can lead to job losses, decreased domestic production, and increased import dependency.</p> Signup and view all the answers

    How can a government strike a balance between promoting domestic industries and avoiding trade conflicts with other countries through commerce protection measures?

    <p>A government can strike a balance by implementing targeted protectionist policies and engaging in diplomatic negotiations with trading partners.</p> Signup and view all the answers

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