What is one benefit of international free trade to Arkansas
One benefit of international free trade for Arkansas is increased market access for the state's businesses. By removing trade barriers and tariffs, Arkansas businesses can more easily export their goods and services to foreign markets, thereby expanding their customer base and potentially increasing profits. This can help stimulate economic growth and create more job opportunities in the state. Additionally, access to a wider range of international products and resources can also benefit Arkansas consumers by providing more choices and potentially lowering prices.
What is one way that both the U.S. government and the Arkansas government provide protection to local businesses from foreign competition?
They pass a tariff on a competing foreign product.
They pass a tariff on a competing foreign product.
They forbid a company from buying anything from a particular foreign country.
They forbid a company from buying anything from a particular foreign country.
They subsidize an industry, making it cheaper for them to produce their product.
They subsidize an industry, making it cheaper for them to produce their product.
They restrict the amount of an item bought from a foreign company.