Question

ECONOMICS PLZZ HELP!
2. Textiles and apparel are an industry that many countries tend to protect. Underdeveloped countries, especially in Asia, try to expand their textile industries to achieve development and economic growth.

Why would lowered trade barriers on textiles around the world be helpful to these countries? How might lowered trade barriers be harmful to them?

Answer 1

@Shadow @JustSaiyan

Answer 2

@ThisGirlPretty

Answer 3

I don't know this, my apologies >~<.

Answer 4

Its ok thanks for trying

Answer 5

see if you know anyone who can help

Answer 6

Maybe @Vocaloid @Hero Or shadow o-o

Answer 7

@Mal87

Answer 8

@JT

Answer 9

@AnimeGhoul8863

Answer 10

@Hero

Answer 11

@SourMunchkin7806

Answer 12

Lowered trade barriers will help the textile and apparel industry in under developed countries because there is more freedom for exchange of goods. Trade barriers hinders companies to export items to other countries or get imports from other countries so lowering it will allow more connection with other countries and will enable for the textile goods or finish products to be known to other countries and will also help allow the industry grow because more international clients will be accepted since it will be easier for them to export items with less hassle. It might be harmful because other people might exploit the industry that's why with lowered trade barriers arises more competitors. This will also allow smuggled good to be exported or imported with less security.

Answer 13

Lowered trade barriers would probably mean the ability for foreign textile and apparel countries to enter. The countries that would except these foreign textile traders would benefit definitely because one, there would be more taxes to collect. Two, there would be more competition so the local textile companies have to work harder. Good for the people. With this money will circulate. The more the people spend on textile and apparel, the more taxes the country can get. The only downside is that while there is more competition, the local countries might not be able to compete with the foreign ones. 

Answer 14

Thanks Guys

Answer 15

welcome

Answer 16

@JT can you help with another one?

Answer 17

sure

Answer 18

this one was hard to me but here:
4. The U.S. government has consumer-protection regulations that impose strict quality standards on food, drugs, and other consumer goods. Many countries in the rest of the world do not have such high standards, and WTO members have filed complaints against the United States, disputing the U.S. government's right to restrict imports that do not meet high standards. The claim is that these standards discriminate against foreign producers and constitute unfair trade restrictions. The WTO often agrees with these complaints. In 1996, the WTO ruled that an Environmental Protection Agency (EPA) regulation calling for cleaner gasoline was discriminatory against foreign producers and violated WTO agreements. The EPA was forced to rewrite the rule to allow for dirtier gasoline.

Did this revision help world trade? Why or why not? Did the revision hurt the United States? Explain.

Answer 19

Yes, the revision helps world trade.  Because originally, they only allowed certain types of gasoline into the country, and now they have to allow even more types.  It also hurt the U.S, since they couldn't choose, and might have to have poorer quality gasoline in the country.  

Answer 20

Thanks

Answer 21

NP

Answer 22

lol my sis says your pic is cute smh

Answer 23

XD Tell her thanks but I have a Gf

Answer 24

lol i will