Th4.1: Reasons for Restrictions Flashcards
1
Q
What are the six reasons for restrictions?
A
infant industry argument job protection protection from potential dumping protection from unfair competition terms of trade danger of over specialisation
2
Q
What are the first three reasons for restrictions?
A
infant industry argument
job protection
protection from potential dumping
3
Q
What are the final three reasons for restrictions?
A
protection from unfair competition
terms of trade
danger of over specialisation
