Complete the list below to show the first two reasons for restrictions on free trade:1. To prevent , which is when foreign firms aggressively cut their prices and force producers out of the market2. To protect domestic by increasing demand for goods produced
Question
Complete the list below to show the first two reasons for restrictions on free trade:1. To prevent , which is when foreign firms aggressively cut their prices and force producers out of the market2. To protect domestic by increasing demand for goods produced
Solution
- To prevent dumping, which is when foreign firms aggressively cut their prices and force domestic producers out of the market.
- To protect domestic industries by increasing demand for goods produced domestically.
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