Why Governments Intervene Economists generally agree that trade restrictions are detrimental to trade and reduce...
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Why Governments Intervene Economists generally agree that trade restrictions are detrimental to trade and reduce government efficiency. Why then do governments restrict trade? Arguments for restricting trade include to promote national defense, to impose sanctions on other countries, to protect domestic infant industries, to create or preserve domestic jobs, to ensure fair competition, and to retaliate for unfair trade policies of other governments. Match each action to the correct argument for trade intervention. Argument for Intervention Action Subsidies for industries considered vital to national security. To provide for national defense. Counterban on imports To impose sanctions Limits on trade with certain countries. To protect infant industries. Subsidies for emerging industries. To ensure fair competition. Import duties on products from a foreign country. To provide retaliation. Reset
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