ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Increase in the number of free trade agreements
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Increase in the flow of direct foreign investment
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Increase in the volume of trade flows
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increase in tariffs
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Detailed explanation-1: -Tariffs create a significant pressure on the exporting country’s businesses as their exports slow down and importers look for alternatives elsewhere, if suitable and quick alternatives are available.
Detailed explanation-2: -1. Environmental limit. The creation of a world common market means an increase in CO2 emissions and pollution. Poisoning the planet damages environmental and atmospheric resources, and this damage is probably irreversible.
Detailed explanation-3: -The most common barrier to trade is a tariff–a tax on imports. Tariffs raise the price of imported goods relative to domestic goods (good produced at home). Another common barrier to trade is a government subsidy to a particular domestic industry. Subsidies make those goods cheaper to produce than in foreign markets.
Detailed explanation-4: -Containerisation. Technological change. Economies of scale. Differences in tax systems. Less protectionism. Growth Strategies of Transnational and Multinational Companies. 06-Sept-2022