When countries create tariffs, they: set taxes on imported goods.

When imported goods grow cheaper in the US, it is a sign that the value of the dollar is likely rising. This answer has been confirmed as correct and helpful.

Answer Expert Verified When a country enters a free trade agreement it might face issues related to D) a decline in some industries as jobs cross borders, as well as C) lower prices for consumers in markets (domestically as potentially cheaper imports lower the prices of goods and making domestic goods more expensive).

The United States decides it wants to encourage citizens to buy televisions that are made in America, so it decides to set a limit on the number of televisions that can be imported from China and Japan.

Trade can help citizens enjoy higher standards of living. Countries create quotas and tariffs to increase the volume of trade with their neighbors.

true or false Countries create quotas and tariffs in order to increase the volume of trade with their neighbors. Countries create quotas and tariffs in order to increase the volume of trade with their neighbors. False.

A quota is a government-imposed trade restriction that limits the number or monetary value of goods that a country can import or export during a particular period. Countries use quotas in international trade to help regulate the volume of trade between them and other countries.

export. A good that is sent to another country for sale. import. Good or service bought from another country or region. Since the 1980’s the value of U.S. imports has greatly exceeded exports, resulting in large trade deficits that complicated U.S. relations with its trading partners.

Answer Expert Verified. The correct answer is letter (C) cutting tariffs on imported goods. In economics, the perfectionist economic policy is referred to as the restraining trade between states or countries) with a method of tariffs on imported goods, variety of other government regulations to create fair competition.

Protectionism, policy of protecting domestic industries against foreign competition by means of tariffs, subsidies, import quotas, or other restrictions or handicaps placed on the imports of foreign competitors. …

The actions might be part of a protectionist economic policy is establishing quotas on imports. The actions might be part of a protectionist economic policy is establishing quotas on imports.

Answer Expert Verified The EU discovered that the growth of imports is causing workers to lose jobs is the situation that encouraged the European Union to put tariffs on imports.

A Free trade Agreement (FTA) is an agreement between two or more countries where the countries agree on certain obligations that affect trade in goods and services, and protections for investors and intellectual property rights, among other topics.

List of the Disadvantages of Free Trade

• Free trade does not create more jobs.
• It encourages more urbanization.
• There are more risks for currency manipulation.
• There can be fewer intellectual property protections because of free trade.
• The developing world doesn’t always have worker safeguards in place.

One of the main arguments against free trade is that, when trade introduces lower cost international competitors, it puts domestic producers out of business. Second, free trade not only reduces jobs in some industries, but it also creates jobs in other industries.