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Economists oppose because besides gaining from trade there are some disadvantages that a nation face....
Free trade implies open access to the economy of any nation and thus the economy of a nation can be influenced by the activities of other nations...
trade helps nation in specialization of producing that goods in which it has comparative advantage i.e which it can produce with lower opportunity cost...
If a nation specialize in only one commodity production neglecting others then it would have to be dependable to other nations for other commodities..thus it may expand the economy of others but not its own...
often international trade becomes beneficial when one can get goods at lower price than its price in own country,but it causes the internal industries as well as economy to break down....
so to expand own economy as well as development a nation should restrict its trades protecting own industries....
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Why did the colonists oppose Britain's mercantile policies mercantilism?
It restricted their trade.
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Why did farmers oppose tariffs? Tarrifs would raise the proces for their goods & they worried that they would not make as much profit. By Kenny A.
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Each opposes the tax that would have the greatest effect on them.
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He thought it would actually delay an economic recovery. Money borrowed must be paid back which is always hard to do. If the money is not paid back, the interest on it much be paid. It is tempting to borrow money to pay the interest and so the interest increases and become more burdensome. Taxes have to be raised just to pay the interest and increased taxes tend to restrict.
Why did Adam Smith oppose mercantilism?
Adam Smith believed Mercantilism was destructive to the economy because it drew wealth out of the markets and into the hands of the royalty, who spent it on expensive imports and disallowed a little to trickle down to the poor. He wanted freer market policies that would allow all people to start companies and create prosperity for the world.
What is the opposite word of allow?
oppose forbid restrict refuse prevent
Why did the colonists oppose Britain's mercantile policies mercantilism?
It restricted their trade.
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Other nations formed alliances to oppose France's expansion plans because France was threatening to dominate all of Europe.
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The Aleuts nation.\
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Americans opposed joining the League of Nations because they didn't want America to be involved with other countries' affairs.
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To oppose the incumbent government and suggest other policies to the Canadian people.
Why did Americans oppose of joining the league of nations?
Americans opposed joining the League of Nations because they didn't want America to be involved with other countries' affairs.
Conservatives joined the American Liberty League in the 1930s to oppose?
Conservatives join the American Liberty League, in the 1930s, to oppose President Roosevelt's new deal policies. Many conservatives thought the government was growing to fast.
Why did other European nation form alliances to oppose Frances plans to expand?
Other nations formed alliances to oppose France's expansion plans because France was threatening to dominate all of Europe.
What is a rogue nation?
Rogue nations are the most dangerous of nations that oppose the role of the United States as a superpower and that reject democracy and capitalism. They ignore some of the most fundamental principles of international relations.
Why did Henry Cabot lodge oppose US membership in the league of nations?
He wanted the U.S. to remain neutral, not to be involved in any foreign entanglements.
How did many native groups in Indochina respond to French colonization?
By protesting French policies and forming resistance organization. (Apex)
