How does an increase in the number of product varieties benefit an importing country?
How does an increase in the number of product varieties benefit an importing country?
Homework Answers
Actually be mentioned that increase in the number of product varieties can actually get to make the importing country to have more number of options to select and get to identify the right one according to the price and apart from that the effect of quota on import goods can also reduce because the number of varieties of a product can enable to select each of different varieties rather than one single good with which quota effect can be minimised and apart from that this competition can make the price a bit less than the Monopoly firm as a result of which it gets to benefit an importing country on the whole
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How does an increase in the number of product varieties benefit
an importing country?
What is the impact of International Trade on the number of product varieties available 1. to...
What is the impact of International Trade on the number of product varieties available 1. to consumers within a particular industry? Circle one option. (1 point) a. The number of product varieties increases The number of product varieties decreases b. The number of product varieties stays the same c. Not enough information to determine the effect of International Trade on the number of product varieties available to consumers within a particular industry d.
HW Tariff: Large Country Case Suppose that there are only two trading countries: one importing country...
HW Tariff: Large Country Case Suppose that there are only two trading countries: one importing country and one exporting country. The supply and demand curves for the two countries are shown below. Prr is the free trade equilibrium price. At that price, the excess demand by the importing country equals excess supply by the exporter. Welfare Effects of a Tariff: Large Country Case Importing Country Exporting Country P A D H b C C PT E PT C F G...
Transportation costs will always lead to a. a price increase in the exporting country b. a...
Transportation costs will always lead to a. a price increase in the exporting country b. a price increase in both the exporting and importing country c. a price increase in the importing country only d. a price increase in the exporting country only.
there are many differents types of certificate that can be requested by the importing country or...
there are many differents types of certificate that can be requested by the importing country or the importer. Describe three of these certificates. Under this question, evaluate a skin product then select at least two different certificates that might be needed to export/import this product. explain
What is a benefit of importing for Canada? Canada imports trillions of dollars of goods per...
What is a benefit of importing for Canada? Canada imports trillions of dollars of goods per year What is a benefit of importing for a. less choice for consumers shift of production resources to higher-value activities c. higher prices d. increased incomes and jobs in the exporting country 29. As a salesperson for his compan on for his company, Anthony first follows all laws and regulations. But beyond that, he refrains from knowingly deceiving or misrepresenting others. This is an...
4. Consider a large country importing a good from the world market. The government of this country decides to impos...
4. Consider a large country importing a good from the world market. The government of this country decides to impose import tariff equal to t. In response to this tariff, foreign exporting firms decide to pay some of the tariff burden and transfer only some of the tariff to the consumers in the importing country. The two graphs below show the effect of the import tariff in the home market and in the world market. Let Pw is the initial...
Suppose Qd=-44*P+837, Qs=37*P+10 for home and Qd*=-44*P+167, Qs*=37*P+32 for foreign. Further suppose that the importing country...
Suppose Qd=-44*P+837, Qs=37*P+10 for home and Qd*=-44*P+167, Qs*=37*P+32 for foreign. Further suppose that the importing country place a tariff of 0.20 on the product. What is the price paid by the importing country to two decimal places?
1. The marginal benefit is the (total, incremental increase in) benefit associated with an increase in...
1. The marginal benefit is the (total, incremental increase in) benefit associated with an increase in the activity. (1 point) 2. Professor Smith researches whether providing government subsidies for daycare will increase the number of women that choose to enter the labor force. Is this a microeconomic or macroeconomic question? (1 point) 3. Professor Nuñez researches whether reducing the income taxes and government spending on national defense by the same amount leads to an increase or a reduction in Gross...
(e) (6 points) Explain how the tariff affects the price paid by corísumers in the importing...
(e) (6 points) Explain how the tariff affects the price paid by corísumers in the importing country and the price received by producers in the exporting country. Use graphs to illustrate how the prices are affected if 1. the export supply curve is very elastic(flat) or 2. the export supply curve is inelastic (steep).
(a) In which product does country H have the absolute advantage over country F? According to...
(a) In which product does country H have the absolute advantage
over country F? According
to Smith’s theory, which product should country H export? In
which product does
country H have the comparative advantage over country F?
According to Ricardo’s theory,
which product should country H export?
(b) Specify the production possibility curve (PPC) in country H.
Calculate the production
and consumption allocation of country H in the no-trade case.
Take fruits as the unit of account.
How much is...
What is the impact of International Trade on the number of product varieties available 1. to consumers within a particular industry? Circle one option. (1 point) a. The number of product varieties increases The number of product varieties decreases b. The number of product varieties stays the same c. Not enough information to determine the effect of International Trade on the number of product varieties available to consumers within a particular industry d.
HW Tariff: Large Country Case Suppose that there are only two trading countries: one importing country and one exporting country. The supply and demand curves for the two countries are shown below. Prr is the free trade equilibrium price. At that price, the excess demand by the importing country equals excess supply by the exporter. Welfare Effects of a Tariff: Large Country Case Importing Country Exporting Country P A D H b C C PT E PT C F G...
What is a benefit of importing for Canada? Canada imports trillions of dollars of goods per year What is a benefit of importing for a. less choice for consumers shift of production resources to higher-value activities c. higher prices d. increased incomes and jobs in the exporting country 29. As a salesperson for his compan on for his company, Anthony first follows all laws and regulations. But beyond that, he refrains from knowingly deceiving or misrepresenting others. This is an...
4. Consider a large country importing a good from the world market. The government of this country decides to impose import tariff equal to t. In response to this tariff, foreign exporting firms decide to pay some of the tariff burden and transfer only some of the tariff to the consumers in the importing country. The two graphs below show the effect of the import tariff in the home market and in the world market. Let Pw is the initial...
1. The marginal benefit is the (total, incremental increase in) benefit associated with an increase in the activity. (1 point) 2. Professor Smith researches whether providing government subsidies for daycare will increase the number of women that choose to enter the labor force. Is this a microeconomic or macroeconomic question? (1 point) 3. Professor Nuñez researches whether reducing the income taxes and government spending on national defense by the same amount leads to an increase or a reduction in Gross...
(e) (6 points) Explain how the tariff affects the price paid by corísumers in the importing country and the price received by producers in the exporting country. Use graphs to illustrate how the prices are affected if 1. the export supply curve is very elastic(flat) or 2. the export supply curve is inelastic (steep).
(a) In which product does country H have the absolute advantage
over country F? According
to Smith’s theory, which product should country H export? In
which product does
country H have the comparative advantage over country F?
According to Ricardo’s theory,
which product should country H export?
(b) Specify the production possibility curve (PPC) in country H.
Calculate the production
and consumption allocation of country H in the no-trade case.
Take fruits as the unit of account.
How much is...
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