the argument that foreign trade should be restricted to protect domestic employment and output is based on the idea that: a. consumers are willing to pay higher prices for domestic goods. b. foreign companies are more costly to deal with than domestic companies. c. producers will not exploit reduced foreign competition by charging higher prices. d. sales of imports come at the expense of domestic goods and jobs.

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17-12-2022
Business

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the argument that foreign trade should be restricted to protect domestic employment and output is based on the idea that: a. consumers are willing to pay higher prices for domestic goods. b. foreign companies are more costly to deal with than domestic companies. c. producers will not exploit reduced foreign competition by charging higher prices. d. sales of imports come at the expense of domestic goods and jobs.

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tutorconsortium109 tutorconsortium109 · Answer 1 · 2022-12-23T09:54:08+01:00

The argument that foreign trade should be restricted to protect domestic employment and output is based on the idea that: sales of imports come at the expense of domestic goods and jobs.

What is an import sale?

Importing is the process of importing goods or services produced abroad into a nation for resale.
Companies based in the United States who purchase goods abroad and bring them here for sale or for use in an American-made product are said to be importing.
An import is an item or service that is purchased outside of its nation of origin. International trade is made up of imports and exports. A country has a negative trade balance, or a trade deficit, if the value of its imports exceeds the value of its exports.
The two sorts of imports include intermediate products and services, as well as industrial and consumer goods.

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