Consequences of Trade Restrictions and Tariffs How does imposing trade restrictions affect a country's macro economic Nowadays all countries need to trade between themselves. Countries always lack of some type of good and the only way they can get them is by importing them from other countries which do produce the desired goods. However, countries many times import products they are able of producing and now, this isn΄t a matter of need; it΄s a matter of taste in order to give the consumers the possibility to choose. Both imports and exports contribute, in different ways, to the development of a certain economy, for example the Peruvian one. Nowadays, Peru has an open economy which allows importing and exporting. When a country imports any product it can be because it doesn΄t produce it or because it want΄s to give greater variety to certain areas....

Number Of Pages: 3

Number Of Words: 790

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