What are some important incentives to keep trade lines open? Give four reasons.
What will be an ideal response?
There are many important incentives to keep trade lines open. First, exports are a key source of income and employment. Second, imports afford the opportunity to enhance the quality of life by providing consumers with a broad array of products. Third, trade is a means to engage with the global economy. Finally, trade allows a country to gain access to critical items such as food and medicines.
You might also like to view...
Most analysts believe that in the future, the major strategic competitor to the United States will be
a. Iran. b. Russia. c. China. d. North Korea.
The exclusionary rule holds that when evidence has been illegally obtained, it may not be used in court
a. True b. False Indicate whether the statement is true or false
The Sugar Act passed by the British parliament required all the American colonies to use the specially packaged sugar that was sold by the East India Company
Indicate whether the statement is true or false
Central to the free-rider problem is the fact that:
a. it is relatively easy to organize groups of like-minded people for action. b. interest groups are most likely to develop in systems that provide people multiple points of access to influence policy. c. interest groups often focus on a particular area of policy at the exclusion of others. d. people want the benefits of an interest group's effort without having to join it.