Please enable JavaScript.
Coggle requires JavaScript to display documents.
TRADE POLICIES (REASONS FOR PROTECTION (BALANCE OF PAYMENTS (= Current…
TRADE POLICIES
REASONS FOR PROTECTION
BORDER measures reduce overall consumer and producer welfare --> increase cost of intermediate input
REDISTRIBUTE income among consumers, producers and gov
-
-
PROTECT domestic programs - import control to prevent swamp of imports and protect supply management
-
-
-
-
NATIONAL SECURITY
-
STOCK piling is cheaper, subsidize primary agriculture
-
-
-
-
-