Consequences Of Trade Restrictions And Tariffs

Part I of Essay
How does imposing trade restrictions affect a country's macro economic objectives? Nowadays all countries need to trade between themselves. Countries always lack of some type of good and the only way they can get them is by importing them from other countries which do prod ....

Part II of Essay
.... market, they may be of a better quality and even cheaper than the national ones. Now, the consumers will have more possibilities to choose from and, it is very probbable that they will choose the cheaper and brand new products. So, if national producers don´t do anything in order to improve thier products, then they will be in danger of going to bankruptcy. As a result of this, the national products have to seek, as I said before, for cheaper costs and better products. When this occurrs, then national products are ready (or at least have mor ....