| What mechanism have national governments used to protect their economies and industries from foreign competiti?

What mechanism have national governments used to protect their economies and industries from foreign competiti?

Jay asked:


What mechanism have national governments used to protect their economies and industries from foreign competition?

a)Import tariffs
b)Free trade blocs
c)Increasing the value of their currency
d)Anti-trust laws

Related posts:

  1. What do you think will happen if there was no money on earth? stay beautiful [luv] asked: I started to think of it...
  2. Not wanting to commit to fixed exchange rates, some govts occasionally use foreign currency intervention? kimbocamp asked: to affect the value of their currencies. This...
  3. Foreign Interest Rates and Purchasing power? westphalia1 asked: I have a new trading account in a...
  4. Foreign reserve will definitely run out in long term? binocular222 asked: Let’s talk about foreign currency inflow-outflow at developing...
  5. Help with business question homework? James M asked: A main purpose on tariffs on imports...

Filed Under Economics | 1 Comment

Tagged With , ,

Comments

One Response to “What mechanism have national governments used to protect their economies and industries from foreign competiti?”

  1. It's That Guy on August 24th, 2009 3:21 am

    Import tariffs. Tariffs are fees you pay for importing foreign manufactured goods. In fact for the first 125 years, the US had no income taxes, the govt. existed mostly on import tariffs.