chapter 10 Flashcards
(8 cards)
1
Q
what are the three big reasons why trade policies are so popular?
A
2
Q
Why are benefits of free trade not immediate? what are the hidden costs of barriers?
A
3
Q
what is the national welfare argument? Is it feasible?
A
4
Q
What is the effect of export subsides and taxes?
A
5
Q
Why should trade protect certain sectors? What is the domestic market faiòure argument?
A
6
Q
What are production subsidies?
A
7
Q
in what sense trade policy is a second best policy option?
A
8
Q
why are trade policies easier to implement?
A
