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Briefly Discuss the Four Noneconomic Rationales for Governmental Intervention in the Free

question 59

Essay

Briefly discuss the four noneconomic rationales for governmental intervention in the free movement of trade: maintaining essential industries, preventing shipments to unfriendly countries, maintaining or extending spheres of influence, and preserving national identity.


Definitions:

Right Thing

Acting in accordance with moral principles, ethical standards, or laws, especially when faced with a difficult decision or situation.

Financial Gain

The increase in monetary resources resulting from investing activities or other forms of economic enterprise.

Significant Others

Individuals who hold important places in one’s life and have significant influence, such as family members, close friends, or romantic partners.

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