Economics A Level: How can Protectionism affect Imports and Exports

Question

How can Protectionism affect Imports and Exports

go kys · Accepted Answer

-Short Run will see Tariffs and Quotas [Reduces Imports] increase Net Exports as Imports fall
-But in the Long Run, Firms that are Protected from International Competition will be Less Efficient as there’s less Competitors 
-Other Nations may also want to have Tariffs and Quotas.

Economics A Level

How can Protectionism affect Imports and Exports

-Short Run will see Tariffs and Quotas [Reduces Imports] increase Net Exports as Imports fall -But in the Long Run, Firms that are Protected from International Competition will be Less Efficient as there’s less Competitors -Other Nations may also want to have Tariffs and Quotas.

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