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Mention and Explain at Least Two Effects of International Trade

question 181

Essay

Mention and explain at least two effects of international trade restrictions.


Definitions:

Twin Countershaft Transmission

A type of manual transmission found in heavy vehicles, using two parallel shafts to allow for a wider range of gears.

Constant Mesh

Gears positioned to remain in permanent mesh, not engaged and disengaged by shifting action.

Sliding Clutch

Actuated by a shift yoke, used to engage a gear on a shaft. Also known as a dog clutch.

NPV

Net Present Value; a method used in capital budgeting to assess the profitability of a project or investment by calculating the difference between the present value of cash inflows and outflows.

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