INTERVIEW QUESTIONS TAX ANTI DUMPING DUTY TAX DETAILS

Question: How is Comparative Advantage used as a justification against Anti Dumping Taxes?

Answer: The theory of comparative advantage suggests that total economic welfare in all countries is improved when countries focus on those industries where they have lower opportunity costs. The benefits of comparative advantage are reduced when domestic industries are subsidized or when foreign industries are subjected to import tariffs. Economists have been uncommonly uniform in advocating free trade policies for centuries.

The theory of comparative advantage suggests that total economic welfare in all countries is improved when countries focus on those industries where they have lower opportunity costs. The benefits of comparative advantage are reduced when domestic industries are subsidized or when foreign industries are subjected to import tariffs. Economists have been uncommonly uniform in advocating free trade policies for centuries. Source: CoolInterview.com

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