Top Posters
Since Sunday
w
5
a
3
j
2
a
2
t
2
u
2
r
2
j
2
j
2
l
2
d
2
y
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
sheila sheila
wrote...
Go to Answer
Posts: 149
Rep: 0 0
2 years ago
Suppose a national government chooses to impose barriers to trade in an effort to promote a more diversified economy. This objective would be particularly important to, for example, an economy largely dependent on one or two agricultural products because

▸ it will allow firms in the economy to exploit economies of scale in newly developed industries.

▸ it will increase net exports for the economy.

▸ any volatility in the world prices of those commodities leads to great volatility in national income.

▸ it will certainly maximize national income and raise average living standards.

▸ that country's terms of trade will continue to deteriorate over time if it continues to specialize.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 64 times
1 Reply
Replies
Answer verified by a subject expert
nnennennenne
wrote...
#1
Posts: 156
Rep: 0 0
2 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

sheila Author
wrote...

2 years ago
This helped my grade so much Perfect
macbookpro1
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
SlimyPencil
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1713 People Browsing
 128 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 997
  
 521
  
 228
Your Opinion
Do you believe in global warming?
Votes: 488
Previous poll results: Which 'study break' activity do you find most distracting?