Author Question: Fertility and population growth rates continue to increase steadily all over the world. a. True ... (Read 16 times)

KimWrice · **on:** Sep 3, 2018

Fertility and population growth rates continue to increase steadily all over the world.

a. True
b. False
Indicate whether the statement is true or false

Question 2

We're always encouraged to buy domestic.. It is politically popular to support policies that limit import competition and reduce the number of jobs that are outsourced to other countries. According to liberal economic trade theory, however, these policies and the accompanying encouragement to buy domestic-made goods are actually harming our overall welfare in the long-run. Explain why liberal theory knows this to be true. Do you agree with the conclusions of liberal theory? If not, why?

What will be an ideal response?

Anna · **Reply #1 on:** Sep 3, 2018

Answer to Question 1

False

Answer to Question 2

Protectionism are barriers to foreign trade, such as tariffs and quotas, that protect local
industries from foreign competition. Nontariff barriers (NTBs)are measures other than
tariffs that discriminate against imports without direct tax levies and are beyond the
scope of international regulation.