Asked by carolette mckenzie on May 08, 2024
Verified
Assume you are advising the Nepalese government about trade policies and government actions affecting trade. What options does the government have? Which would you recommend the country do to stimulate the domestic economy?
Trade Policies
Regulations and agreements that govern international trade between countries, influencing tariffs, exports, and imports.
Domestic Economy
The economic activities and conditions within a specific country’s borders.
Nepalese Government
The federal political system in Nepal, which includes executive, legislative, and judicial branches, responsible for governing the nation.
- Comprehend the objectives and effects of tariffs and trade policies on global commerce.
Verified Answer
LA
Luis Angel RiveraMay 11, 2024
Final Answer :
The trade policy choices include tariffs, quotas, and exchange controls. Quotas could be reduced on things like trekking permits for Mount Everest to increase tourism revenues. Tariffs on certain imported goods could be used to protect domestic producers. Exchange controls could be used to reduce the cost of Nepalese exports.
Learning Objectives
- Comprehend the objectives and effects of tariffs and trade policies on global commerce.