What are some ways a goverment can place regulations on foreign trade can these regulations benifit or harm economy?

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17-06-2024
Social Studies

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What are some ways a goverment can place regulations on foreign trade can these regulations benifit or harm economy?

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Onijamuidn Onijamuidn · Answer 1 · 2024-06-17T09:36:17-04:00

Onijamuidn Onijamuidn

17-06-2024

Answer:

create subsidies by taxing the public and giving revenue to an industry,

Explanation:

Governments can create subsidies by taxing the public and giving revenue to an industry, or it can impose tariffs by adding taxes to foreign products to lift prices and make domestic products more appealing. Higher taxes, fees, and regulations can stymie businesses or entire industries.

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