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What are the main political motives behind government intervention in trade?

Political motives include to protect domestic jobs, to preserve national security, to respond to “unfair” trade by another nation, and to gain influence over other nations. Economic motives include to protect infant industries from competition and to pursue strategic trade policy.

Which of the following is a political reason for governments to intervene in markets quizlet?

There are a number of political reasons why governments intervene in markets. The most common reason for intervention is to protect jobs and industries.

Which of the following is the main cultural motive behind government intervention in trade quizlet?

The main cultural motive behind government intervention in trade includes protection of domestic jobs. Unwanted cultural influence in a nation can cause governments to block imports that it believes are harmful.

Which of the following is a reason a government might intervene in its economy quizlet?

Why do governments intervene in markets? When acting for economic reasons, governments intervene in markets in an attempt to rectify market failure. If they can improve the allocation of resources then they will improve society's welfare which is the main objective of the government.