/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q. 37 What are some ways that governme... [FREE SOLUTION] | 91影视

91影视

Log out

Learning Materials

Features

Discover

Chapter 21: Q. 37 (page 523)

What are some ways that governments can help people who lose from trade?

Short Answer

Expert verified

By providing subsidies to the domestic industries, providing job training to workers to upskill them, retirement pension, etc.

Step by step solution

01

Step1. Introduction

The exchange of goods and services across borders of countries is known as international trade.

02

Step2. Explanation

Some of the ways in which the agents losing from trade can be helped have been mentioned below.

  1. Providing subsidies to domestic producers to help them compete.
  2. Training workers with advance skills and techniques to upskill them and provide better earning job opportunities.
  3. Providing retirement pensions, old-age pensions, wage subsidies for older workers
  4. A refundable health care tax credit.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91影视!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

What is the difference between a free trade association, a common market, and an economic union?

Is it legitimate to impose higher safety standards on imported goods that exist in the foreign country where the goods were produced?

What is the national interest argument for protectionism with regard to certain products?

What are some examples of innovative products

that have disrupted their industries for the better?

Why might the unsafe consumer products argument be a more effective strategy (from the perspective of the importing country) than using tariffs or quotas to restrict imports?
See all solutions

Recommended explanations on Economics Textbooks

Taxation Economics

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.