Why were tariffs unable to control the textile and apparel trade? What do quotas do that...
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?
Compare and contrast two discussed trade barriers, tariffs, or quotas. What is “dumping,” and who determines when dumping has taken place? What is the difference between global quotas and selective quotas? Why would a country set an export quota?
1. do tariffs and quotas improve or reduce overall economic efficiency? explain 2. free trade vs free protectionism: is one position a conservative position and the other a liberal position? if so, which is which? why? 3. Might the differences between the two positions be explained by a dichotomy other than that of conservative vs liberal? why? 4. do tariffs and quotas save jobs or do they cost jobs? why?
Are tariffs and quotas equivalent in their economic effects? Why do governments generally prefer to impose tariffs over quotas?
Analysts have suggested that the cost of bras is related to trade restrictions on textile imports. What does the price of bras have to do tariffs and quotas? A. Trade restrictions keep the prices of bras high, and ending them will result in lower prices. B. Trade restrictions do not influence the price of bras; the price is determined by domestic technology and the overall inflation rate. C. Trade restrictions in the form of tariffs keep prices of bras high,...
8. Why is "private property" a source of economic growth? 9.How does tariffs and quotas effect equilibrium price and quantity of imported goods? 10.Why do most economist support free trade and oppose trade restriction?
In many cases, the reason tariffs and quotas are imposed is that C the government cannot measure the cost of protectionism. C the individual gain to parties who benefit from the protection will be much larger than the individual loss to parties who lose. C the government completely pays the losers from international trade for their losses. C protectionism benefits consumers. In many cases, the reason tariffs and quotas are imposed is that C the government cannot measure the cost...
According to our text, when countries restrict free trade through tariffs, quotas, or other forms of protectionism, it generally leads to: increased domestic employment. a decrease in productivity and a lower standard of living. an improved balance of payments. less short-term employment in the protected industry.
QUESTION 17 When we look at tariffs and quotas, 0 a. domestic producers are indifferent between an equivalent tariff or quota being imposed O b. domestic producers would prefer quotas over tariffs 0 c, domestic producers would prefer tariffs over quotas. O d. foreign producers would prefer tariffs over quotas. QUESTION 18 Which of the following are reasons given for trade barriers? 0 a. interest rate stability O b. National defense Oc.consumer protection O d. natural monopolies QUESTION 19 Which...
All but which ONE of the following is used as a barrier to trade? a) Quotas b) Tariffs c) Interest Rates d) Regulations Discussion question: In addition to import-competing industrues seeking trade restrictions, what other arguments are used to restrict trade? Please answer in a minimum of 150 words