identify and discuss three trade restriction policies that are designed to lower imports.
identify and discuss three trade restriction policies that are designed to lower imports.
Homework Answers
1. Tariff on Imports: This would
increase the price of the imported good which makes expensive for
people to buy
2. Quota: These limits the quantities of goods can be imported,
which would reduce the imports
3. Subsidies for local suppliers: In order to gain competitive
advantage in terms of cost, governments provide subsidies which
would reduce cost and reduces the demand for import
Add Answer to:
identify and discuss three trade restriction policies that are
designed to lower imports.
A trade quota is a restriction on the quantity of goods that can be imported a tax on imports a tax on...
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 through regulations on domestic producers
QUESTION 17 A trade quota is O a restriction on the quantity of goods that can...
QUESTION 17 A trade quota is O a restriction on the quantity of goods that can be imported O a tax on imports O a tax on exports the restriction of trade through regulations on domestic producers QUESTION 18 A tariff on a good when the world price is lower than the domestic price leads to O tariff revenues that will be lower than under free trade domestic imports that will be higher than under free trade lower domestic consumption...
discuss how the exchange rate policies of the dominant economies in the three regions (SADAC, AEC,...
discuss how the exchange rate policies of the dominant economies in the three regions (SADAC, AEC, and COMESA) have affected crossborder trade. Substantiate your discussion with examples.
Using bid rent analysis, discuss the pros and cons of zoning policies designed to enhance the...
Using bid rent analysis, discuss the pros and cons of zoning policies designed to enhance the attractiveness of city centers (e.g., prohibiting manufacturing in the city center).
Three policies: cap and trade, emissions standards, and carbon taxes. For each of the above three...
Three policies: cap and trade, emissions standards, and carbon
taxes.
For each of the above three policies, answer the following questions and support your answer. i) does the equimarginal condition hold? ii) Is aggregate abatement to the aggregate target met in a cost effective manner?
Discuss the impact of at least 2 instruments of government intervention relevant to the overseas operation of AfterPay Touch. (The 6 Types of Government Intervention) 1. Protectionism - National econ...
Discuss the impact of at least 2 instruments of government intervention relevant to the overseas operation of AfterPay Touch. (The 6 Types of Government Intervention) 1. Protectionism - National economic policies that restrict free trade. Usually intended to raise revenue or protect domestic industries from foreign competition. 2. Customs - The checkpoint at national ports of entry where officials inspect imported goods and levy tariffs. 3. Tariff - A tax on imports (e.g., autos, textiles) 4. Non-Tariff Trade Barrier -...
1. Protectionist policies implemented in a small open economy with a trade deficit have the effect...
1. Protectionist policies implemented in a small open economy with a trade deficit have the effect of the trade deficit and the quantity of imports and exports. A) decreasing; decreasing B) not changing; decreasing C) decreasing, not changing D) not changing; not changing
Analysts have suggested that the cost of bras is related to trade restrictions on textile imports....
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,...
6. Suppose when Japan opens to trade, it imports rice, a labor-intensive good. a. According to...
6. Suppose when Japan opens to trade, it imports rice, a labor-intensive good. a. According to the Heckscher-Ohlin theorem, is Japan capital-abundant or labor-abundant? Briefly explain. b. What is the impact of opening trade on the real wage in Japan? c. What is the impact of opening trade on the real rental on capital? d. Which group (capital owner or labor) would support policies to limit free trade? Briefly explain.
Please make a 150 word comment for the following topic: Russia's trade policies and exchange rate change and the effect on imports and exports and total output during the 2008 financial crisis. I...
Please make a 150 word comment for the following topic: Russia's trade policies and exchange rate change and the effect on imports and exports and total output during the 2008 financial crisis. I will give a thumbs up immediately, please cite/give sources. Thank you!
QUESTION 17 A trade quota is O a restriction on the quantity of goods that can be imported O a tax on imports O a tax on exports the restriction of trade through regulations on domestic producers QUESTION 18 A tariff on a good when the world price is lower than the domestic price leads to O tariff revenues that will be lower than under free trade domestic imports that will be higher than under free trade lower domestic consumption...
Three policies: cap and trade, emissions standards, and carbon
taxes.
For each of the above three policies, answer the following questions and support your answer. i) does the equimarginal condition hold? ii) Is aggregate abatement to the aggregate target met in a cost effective manner?
1. Protectionist policies implemented in a small open economy with a trade deficit have the effect of the trade deficit and the quantity of imports and exports. A) decreasing; decreasing B) not changing; decreasing C) decreasing, not changing D) not changing; not changing
6. Suppose when Japan opens to trade, it imports rice, a labor-intensive good. a. According to the Heckscher-Ohlin theorem, is Japan capital-abundant or labor-abundant? Briefly explain. b. What is the impact of opening trade on the real wage in Japan? c. What is the impact of opening trade on the real rental on capital? d. Which group (capital owner or labor) would support policies to limit free trade? Briefly explain.
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