Question

Explicate four benefits and costs of government intervention in international trade

Answer 1

The major advantages of government intervention in international trade is it level the playing field and it enforce contracts and major disadvantages are it doesn'tknow when to stop regulating and it i not an actual participant

The costs of government intervention in international trade is antidumping duty which is the tax imposed on products deemed to be dumped and causing injury to producers of competing products in the importing country and another one is investment incentivewhich is trasfer payment or tax concession made directly to foreign firms to entice them to invest in country