judicature discussion * semipolitical relations intervene in trade and coronation to grasp political, social, or economic objectives. * Governments impose trade and enthronement barriers that gather interest groups, such as interior(prenominal) firms, industries, and labour unions. * Government intervention alters the competitive landscape, by hindering or helping the ability of firms to compete internationally. * Government intervention is an important mark of plain risk. * Protectionism national economic policies that restrict free trade. normally intended to raise revenue or protect domesticated industries from foreign competition. * Customs the checkpoint at national ports of entry where officials gibber imported goods and levy tariffs. Government Intervention: Key Instruments * handicraft a tax on imports (e.g., citrus, textiles) * Nontariff trade barrier political science policy, regulation, or procedu re that impedes trade * Quota quantitative rampart on imports of a specific product (e.g., imports of Japanese cars) * investiture barriers rules or laws that hinder foreign direct investment (e.g.
, Mexicos restrictions in its oil industry) Consequences of Protectionism * lessen supply of goods to buyers * Price pomposity * Reduced variety, fewer choices available to buyers * Reduced industrial conflict * different adverse unintended consequences (e.g., while the home country dithers, another(prenominal) countries loafer race ahead) General Rationale for Gover nment Intervention * Tariffs can genera! te substantial authorities revenue. This is a refer precept for protectionism in undeveloped economies. * Helps ensure the safety, security, and welfare of citizens. E.g., almost countries dedicate basic regulations to protect the national food supply. * Helps the government be broad economic, political, and social objectives for the nation. * Can serve the interests...If you requisite to bug out a full essay, order it on our website:
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