Question
Describe five circumstances when a country may be forced to control her imports.
Answer
- When it wants to control imported inflation.
- When local businesses are collapsing due to competition from imported goods /protection of local industries.
- When a country is experiencing balance of payment deficits.
- When the country wishes to become self sufficient.
- When imported goods have adverse effects on citizens in protection of unemployment.
- When imported goods are inferior / pass policy against dumping. any 5 fully explained points
- When local businesses are collapsing due to competition from imported goods /protection of local industries.
- When a country is experiencing balance of payment deficits.
- When the country wishes to become self sufficient.
- When imported goods have adverse effects on citizens in protection of unemployment.
- When imported goods are inferior / pass policy against dumping. any 5 fully explained points
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