Question

Identify whether each scenario describes a drawback or an advantage of trade regulation.

Answer 1

Top one is advantage, second down is a drawback, advantage for the third, and the last one on the bottom is a drawback.

Answer 2

Advantage

Drawback

Advantage

Drawback

Step-by-step explanation:

Trade regulations may vary according to the policy.

1. Melaine had an advantage in this regulation. This brought protection against heavy competitors.

2. Chad has been using this Protectionism to keep on selling obsolete shoes. A huge drawback for his customers.

3. Ravi realized a great opportunity with this market opening a great advantage. He can sell it overseas.

4. Sharon has suffered a drawback in buying a new car. Either She will pay much more for the same car or She'll buy a simpler one.