As a result of tariffs, domestic producers tend to gain more than domestic consumers lose spend...
As a result of tariffs, domestic producers tend to
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gain more than domestic consumers lose |
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spend less money on lobbying |
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have a greater incentive to lower their production costs |
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lose more than the government gains |
Homework Answers
Ans) the correct option is a) gain more than domestic consumers lose.
As a result of tariffs, domestic producers waste resources producing goods for which they are not low-cost producers.
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As a result of tariffs, domestic producers tend to
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QUESTION 20 As a result of tariffs, domestic producers tend to gain more than domestic consumers...
QUESTION 20 As a result of tariffs, domestic producers tend to gain more than domestic consumers lose spend less money on lobbying have a greater incentive to lower their production costs lose more than the government gains QUESTION 21
is 19 wrong? need help with 20 O lower domestic consumption of the good than under...
is 19 wrong? need help with 20
O lower domestic consumption of the good than under free trade lower domestic production of the good than under free trade QUESTION 19 When the government increases tariffs O production switches from low-cost foreign producers to high-cost domestic producers, wasting resources domestic producers buy more of the good, increasing the gains from trade domestic producers produce more output, increasing the gains from trade deadweight losses are eliminated because foreign producers sell below their...
Question Completion Status: QUESTION 19 When the government increases tariffs production switches from low-cost foreign producers...
Question Completion Status: QUESTION 19 When the government increases tariffs production switches from low-cost foreign producers to high-cost domestic producers, wasting resources domestic producers buy more of the good, increasing the gains from trade domestic producers produce more output, increasing the gains from trade deadweight losses are eliminated because foreign producers sell below their product cost QUESTION 20 As a result of tariffs, domestic producers tend to • gain more than domestic consumers lose • spend less money on lobbying...
QUESTION 16 If the world price of cotton is less that the price that would occur...
QUESTION 16 If the world price of cotton is less that the price that would occur domestically without trade, then a country will decrease its demand for cotton and increase its demand for cotton substitutes increase its demand for cotton and decrease its demand for cotton substitutes import cotton export cotton QUESTION 17 A trade quota is a restriction on the quantity of goods that can be imported a tax on imports a tax on exports the restriction of trade...
1) Specific tariffs are a) import taxes stated in specific legal statutes b) import taxes calculated...
1) Specific tariffs are a) import taxes stated in specific legal statutes b) import taxes calculated as a fixed charge for each unit of imported goods c) import taxes calculated as a fraction of the value of the imported goods d) import taxes calculated based on the origin country 2) Ad valorem tariffs are a) import taxes stated in advertisements in industry publications b) import taxes calculated as a fixed charge for each unit of imported goods c) import taxes...
4.) a. Compare and contrast the impact to trade of Quotas and Tariffs. b. Some economists...
4.) a. Compare and contrast the impact to trade of Quotas and Tariffs. b. Some economists have argued that, because domestic consumers gain more from free trade than domestic producers gain from (import) tariffs and quotas, consumers should buy out domestic producers and rid themselves of costly tariffs and quotas. If this was feasible, would you be in favor? If there is a net loss to society from tariffs, why do tariffs exist?
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) In a smal...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) In a small country, the net national cost of tariff protection is equal to the reduction in consumer surplus minus A) the increase in produær surplus. B) the increase in government revenue and the increase in producer surplus. C) the efficiency loss and the consumption side loss D) the gain to foreigners. E) the increase in government revenue. 2) Tariffs reallocate income from A)...
The world price of textiles is Pw, as in the accompanying figure of the domestic supply...
The world price of textiles is Pw, as in the accompanying figure of the domestic supply and demand for textiles. Price A D B C Quantity If the government imposes a tariff, t, to protect the domestic producers: a. What are the revenue gains to domestic producers? FHBO FHKG and ABKE HIJK HIJK and BCUK b. What is the revenue to government? HICB FIJG O EKAB HIJK c. What are the costs to domestic producers? ОНІК OEKAB ОАВКНЕ FHKEG d....
As a result of U.S. quotas on sugar imports, all of the following are true, EXCEPT:...
As a result of U.S. quotas on sugar imports, all of the following are true, EXCEPT: Question 2 options: a) the United States pays about twice the world price for sugar. b) the gains to American producers are greater than the losses to American consumers. c) foreign sugar producers—mostly in poor countries—suffer. d) a small group of domestic sugar producers benefit. Taxes and quotas on imports can ______ jobs in industries that import and ________ jobs in industries that export....
1.How do voluntary export restraints differ from other protective barriers? Voluntary export restraints tend to be...
1.How do voluntary export restraints differ from other protective barriers? Voluntary export restraints tend to be less expensive than tariffs. Voluntary export quotas tend to have significantly larger economic effects than equivalent import quotas. The revenue effect of an export quota is captured by the foreign exporting company or its government. The revenue effect of an export quota is captured by the domestic (importing) company or its government. 2. A government subsidy granted to import–competing producers leads to a smaller...
QUESTION 20 As a result of tariffs, domestic producers tend to gain more than domestic consumers lose spend less money on lobbying have a greater incentive to lower their production costs lose more than the government gains QUESTION 21
is 19 wrong? need help with 20
O lower domestic consumption of the good than under free trade lower domestic production of the good than under free trade QUESTION 19 When the government increases tariffs O production switches from low-cost foreign producers to high-cost domestic producers, wasting resources domestic producers buy more of the good, increasing the gains from trade domestic producers produce more output, increasing the gains from trade deadweight losses are eliminated because foreign producers sell below their...
Question Completion Status: QUESTION 19 When the government increases tariffs production switches from low-cost foreign producers to high-cost domestic producers, wasting resources domestic producers buy more of the good, increasing the gains from trade domestic producers produce more output, increasing the gains from trade deadweight losses are eliminated because foreign producers sell below their product cost QUESTION 20 As a result of tariffs, domestic producers tend to • gain more than domestic consumers lose • spend less money on lobbying...
QUESTION 16 If the world price of cotton is less that the price that would occur domestically without trade, then a country will decrease its demand for cotton and increase its demand for cotton substitutes increase its demand for cotton and decrease its demand for cotton substitutes import cotton export cotton QUESTION 17 A trade quota is a restriction on the quantity of goods that can be imported a tax on imports a tax on exports the restriction of trade...
4.) a. Compare and contrast the impact to trade of Quotas and Tariffs. b. Some economists have argued that, because domestic consumers gain more from free trade than domestic producers gain from (import) tariffs and quotas, consumers should buy out domestic producers and rid themselves of costly tariffs and quotas. If this was feasible, would you be in favor? If there is a net loss to society from tariffs, why do tariffs exist?
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) In a small country, the net national cost of tariff protection is equal to the reduction in consumer surplus minus A) the increase in produær surplus. B) the increase in government revenue and the increase in producer surplus. C) the efficiency loss and the consumption side loss D) the gain to foreigners. E) the increase in government revenue. 2) Tariffs reallocate income from A)...
The world price of textiles is Pw, as in the accompanying figure of the domestic supply and demand for textiles. Price A D B C Quantity If the government imposes a tariff, t, to protect the domestic producers: a. What are the revenue gains to domestic producers? FHBO FHKG and ABKE HIJK HIJK and BCUK b. What is the revenue to government? HICB FIJG O EKAB HIJK c. What are the costs to domestic producers? ОНІК OEKAB ОАВКНЕ FHKEG d....
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