Managed trade suggests that the national government should actively intervene to ensure that domestic firms' exports receive an equitable share of foreign markets and that imports are controlled to minimize losses of domestic jobs and market share in specific industries

Question

Quizplus · Accepted Answer

Managed trade involves government intervention in international trade to protect domestic industries and maintain a balance of trade, often through measures like export promotion and import restrictions to safeguard jobs and market share in specific sectors.

Managed Trade Suggests That the National Government Should Actively Intervene