? Reduced competition – leading to low quality goods/ services
? Reduced/ low consumer goods – trade restriction reduces the availability of
goods/ services available to consumer leading to low state of living.
? Retaliation/ trading partners are likely to retaliate – leading to loss of
business (between two involved/ reduced export/ imports)
? Reduced/ low investment – due to limited trading opportunities
? Reduced limited market – hence under exploitation of available resources/
reduced production capacity.
? Inappropriate allocation of resources – It may force the use her resources in
areas where she has no comparative interest/ not best suited in.
? Cost to the government – (This may happen) if measures are used (to
enhance restriction /by encouraging import substitution) meet part of the
costs.
? Reduced/ loss of government revenue earned from import/ export services
not exported.
? Leads to increased unemployment due to reduced trading activities.
? Poor international relations which may lead to conflicts/ friction, among
countries/ may not get assistance in times of calamities.
? Curtailed transfer of technology/ factors of production that may lead to poor
quality goods low quantity of products.
? Reduced/ limited supply of goods/ services which may adversely affect
consumers (access /examples of adverse effect as explanation)
? Encourages smuggling/ black marketing leading to loss of revenue/ entry of
counterfeit goods/ services.
gregorymasila answered the question on January 26, 2018 at 06:54
- Explain five guidelines that may be used by the government of a
country to promote efficient use of her resources. (Solved)
Explain five guidelines that may be used by the government of a
country to promote efficient use of her resources.
Date posted: January 26, 2018. Answers (1)
- Explain five methods of determining the price of a product other than price control(Solved)
Explain five methods of determining the price of a product other
than price control
Date posted: January 26, 2018. Answers (1)
- Explain five advantages of government involvement in business.(Solved)
Explain five advantages of government involvement in business.
Date posted: January 26, 2018. Answers (1)
- Explain five factors that may promote entrepreneurship in Kenya.(Solved)
Explain five factors that may promote entrepreneurship in Kenya.
Date posted: January 26, 2018. Answers (1)
- Outline four characteristics of services(Solved)
Outline four characteristics of services
Date posted: January 26, 2018. Answers (1)
- List four sources of public finance.(Solved)
List four sources of public finance.
Date posted: January 26, 2018. Answers (1)
- State reasons for the increased use of cell phones in banking(Solved)
State reasons for the increased use of cell phones in banking.
Date posted: January 26, 2018. Answers (1)
- Outline six circumstances in which the government may be involved in business(Solved)
Outline six circumstances in which the government may be involved in business.
Date posted: January 26, 2018. Answers (1)
- Outline six ways of reducing the level of unemployment in Kenya(Solved)
Outline six ways of reducing the level of unemployment in Kenya.
Date posted: January 26, 2018. Answers (1)
- State four effects of a shift of the demand curve to the right.(Solved)
State four effects of a shift of the demand curve to the right.
Date posted: January 26, 2018. Answers (1)
- Outline one circumstance under which each of the following telecommunication services may be used: (i) Paging(ii) Facsimile (fax) (iii) Radio call.(iv) Telex.(Solved)
Outline one circumstance under which each of the following
telecommunication services may be used:
(i) Paging
(ii) Facsimile (fax)
(iii) Radio call.
(iv) Telex.
Date posted: January 26, 2018. Answers (1)
- Highlight benefits of a business plan to an entrepreneur.(Solved)
Highlight benefits of a business plan to an entrepreneur.
Date posted: January 26, 2018. Answers (1)
- State external factors that may negatively influence the
operations of a business.(Solved)
State external factors that may negatively influence the
operations of a business.
Date posted: January 26, 2018. Answers (1)
- Differentiate between structured and unstructured decisions and give examples of each(Solved)
Differentiate between structured and unstructured decisions and give examples of each.
Date posted: January 25, 2018. Answers (1)
- (a) Give the meaning of the following terms as used in livestock breeds. (1½ mks)
(i) Steer
(ii) Capon
(iii) Kindling
(b) Name the exotic(Solved)
(a) Give the meaning of the following terms as used in livestock breeds. (1½ mks)
(i) Steer
(ii) Capon
(iii) Kindling
(b) Name the exotic beef breed of cattle with the following characteristics;
* White / cream in colour
* Heavily built
* Originated from France (½ mk)
Date posted: January 23, 2018. Answers (1)
- State the disadvantages of localisation of a firm?(Solved)
State the disadvantages of localisation of a firm?
Date posted: January 23, 2018. Answers (1)
- Define the term money(Solved)
Define the term money
Date posted: January 19, 2018. Answers (1)
- Define economic integration as used in international trade.(Solved)
Define economic integration as used in international trade.
Date posted: January 19, 2018. Answers (1)
- State five factors to consider before localization of a firm(Solved)
These are factors that must be considered when locating a firm,they affect the farm either positively or negatively.
Date posted: January 16, 2018. Answers (1)
- Differentiate between a Business Policy and a Business Plan(Solved)
Differentiate between a Business Policy and a Business Plan
Date posted: January 12, 2018. Answers (1)