Countries are interconnected today as never before. From eating foods from different countries to singing along to songs performed by foreign bands to wearing clothes made in faraway nations, chances are you encounter something or someone from another country on a daily basis. While it may not seem like it as you go about your daily business, governments play a role in your obtaining goods and services from other countries. This unit explores how and why the government might seek to limit or promote trade between countries, as well as other business activities.

Think about the benefits that trade and interconnectedness can bring you as a consumer. Also consider the drawbacks, if any, to this increasing globalization. Should the government care about how much trade the United States undertakes with other countries? When should the government seek to promote trade? When should the government seek to limit trade?

Question

Business

Roman

5 January, 03:52

Countries are interconnected today as never before. From eating foods from different countries to singing along to songs performed by foreign bands to wearing clothes made in faraway nations, chances are you encounter something or someone from another country on a daily basis. While it may not seem like it as you go about your daily business, governments play a role in your obtaining goods and services from other countries. This unit explores how and why the government might seek to limit or promote trade between countries, as well as other business activities.

Think about the benefits that trade and interconnectedness can bring you as a consumer. Also consider the drawbacks, if any, to this increasing globalization. Should the government care about how much trade the United States undertakes with other countries? When should the government seek to promote trade? When should the government seek to limit trade?

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Kaia Cruz · Answer 1

One of the benefits of the interconnectedness is that our products reached other side of the globe along for it to gain more popularity and consequently more consumers. Yes, the government should, we don't want our citizens to be consuming more of the foreign goods and others because this will hurt local producers.