If asking trade protectionism consequence, simply reverse everything (benefits and worse-offs)
If asking remove policy measurements = free trade consequence
Free trade
- Absent in any kind of government intervention
- Allows international trade to occur without any restrictions between consumers or producers in different countries
Trade protectionism
- Trade restrictions imposed by government to limit amount of imports
- Protect domestic industry from competition by imposing quota on foreign producers, tariff on imported goods and subsidy to domestic producers