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Consequences Of Trade Restrictions And Tariffs
Beginning of Essay
How does imposing trade restrictions affect a country's macro economic
objectives?
Nowadays all countries need to trade between themselves. Countries
always lack of some type of good and the only way they can get them is by
importing them from other countries whi .... Middle of Essay .... foreign products enter the market, they may be of a better quality and even
cheaper than the national ones. Now, the consumers will have more possibilities
to choose from and, it is very probbable that they will choose the cheaper and
brand new products. So, if national producers donĀ“t do anything in order to
improve thier products, then they will be in danger of going to bankruptcy. As a
result of this, the national products have to seek, as I said before, for
cheaper costs and better products.
When this occurrs, then national products are ready (or at least have
more possibilities) to compete in international markets. Supposedly, now they
....
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Words: 771 - Pages: 3
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