From the importing country’s point of view, a tariff is better than a quota because a. a tariff has a smaller effect on imports than does a quota. b. a tariff has a larger effect on imports than does a quota. c. the tariff generates tax
1. From the importing country’s point of view, a tariff is better than a quota because
a. a tariff has a smaller effect on imports than does a quota.
b. a tariff has a larger effect on imports than does a quota.
c. the tariff generates tax revenue for the government.
d. both reduce imports but only quotas increase price.
Homework Answers
Request Answer!
We need at least 9 more requests to produce the answer.
1 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
From the importing country’s point of view, a tariff is better than a quota because a. a tariff has a smaller effect on imports than does a quota. b. a tariff has a larger effect on imports than does a quota. c. the tariff generates tax
1. 2) The deadweight loss associated with an import tariff is smaller than a quota of...
1.
2) The deadweight loss associated with an import tariff is
smaller than a quota of the same impact because
________________.
a. The government receives revenue from the quota and not the
tariff.
b. Price increases more with a tariff.
c. Quantity decreases more with a quota.
d. The government receives revenue from the tariff and not the
quota.
e. Cannot be determined from the information
3) Will this firm shutdown?
Q = 5
Price: $30
MC = $10
AVC...
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...
1. If both China and Nigeria set a tariff of 10% per unit of soybeans imported...
1. If both China and Nigeria set a tariff of 10% per unit of soybeans imported from the US, what would be your expectation owith respect to the domestic price of soybeans in China and Nigeria? a. Domestic price in China will rise by more than 10% while domestic price in Nigeria will rise by exactly 10% b. Domestic price in China will rise by less than 10% while domestic price in Nigeria will rise by more than 10% c....
Questions: c) An emergency tariff on a wide range of imports would be effective in addressing...
Questions: c) An emergency tariff on a wide range of imports would be effective in addressing U.S deficits and forcing other nations to purchase more U.S. exports; d) One reason the U.S. does not export more is lagging investment in domestic industries. Why Protectionism Cannot Cure the Trade Deficit The causal link between investment flows, exchange rates, and the balance of trade explains why protectionism cannot cure a trade deficit. In his 1997 book, One World, Ready or Not, Washington...
area 3 Hopefully, you understood the material on Consumer Surplus (CS) and Producer Surplus (PS) Now...
area 3 Hopefully, you understood the material on Consumer Surplus (CS) and Producer Surplus (PS) Now let's use those concepts to quantify the economic Consequences of imposing an Import tariff price of mangos 1 Assume the graphs represent the domestic market of mangos. Determine the following: competitive market equilibrium price would = domestic market supply curve of mangos competitive equilibrium quantity of magos =_ $3/lb. 2. Now assume the world market equilibrium price of mangos = $1.50/lb. and domestic producers...
22. Why is the multiplier for a change in taxes smaller than for a change in spendi...
22. Why is the multiplier for a change in taxes smaller than for a change in spending? a. A change in taxes has no effect on aggregate demand, only on aggregate supply. b. A change in taxes directly affects government spending as well, lowering the multiplier. c. A change in taxes affects spending directly, but at a slower rate than spending does. d. A change in taxes affects disposable income and then consumption rather than spending directly....
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...
Question 1: According to Milton Friedman, the reason there are two Phillips curves is because a....
Question 1: According to Milton Friedman, the reason there are two Phillips curves is because a. prices are inflexible. b. the expected inflation rate does not instantaneously adjust to changes in the actual inflation rate. c. the expected inflation rate is equal to 1 minus the actual inflation rate. d. the expected inflation rate adjusts to changes in the actual inflation rate. Question 2: Milton Friedman argued that there a, are two Phillips curves, a short-run one and a long-run...
Part II. Problem-solving questions Consult Figure below to finish blanks in Question 16 and 17. Curve...
Part II. Problem-solving questions Consult Figure below to finish blanks in Question 16 and 17. Curve SS represents a domestic supply curve for some good X; if X is a competitive industry, then SS represents the horizontal sum of the marginal cost curves of many firms. Curse DD represents domestic demand for the same good. It is implicitly assumed that consumers do not care where the good was made, they simply want to buy the indicated quantities at the indicated...
2006, interest rates increased from 5% to 7%, when this happens consumers are A. less likely...
2006, interest rates increased from 5% to 7%, when this happens consumers are A. less likely to save, that is, sell a financial asset. B. more likely to save, that is, sell a financial asset. C. less likely to save, that is, purchase a financial asset. D. more likely to save, that is, purchase a financial asset. I. In 2. If commercial banks hold all their assets in the form of required reserves: A. only they will be able to...
1.
2) The deadweight loss associated with an import tariff is
smaller than a quota of the same impact because
________________.
a. The government receives revenue from the quota and not the
tariff.
b. Price increases more with a tariff.
c. Quantity decreases more with a quota.
d. The government receives revenue from the tariff and not the
quota.
e. Cannot be determined from the information
3) Will this firm shutdown?
Q = 5
Price: $30
MC = $10
AVC...
area 3 Hopefully, you understood the material on Consumer Surplus (CS) and Producer Surplus (PS) Now let's use those concepts to quantify the economic Consequences of imposing an Import tariff price of mangos 1 Assume the graphs represent the domestic market of mangos. Determine the following: competitive market equilibrium price would = domestic market supply curve of mangos competitive equilibrium quantity of magos =_ $3/lb. 2. Now assume the world market equilibrium price of mangos = $1.50/lb. and domestic producers...
Part II. Problem-solving questions Consult Figure below to finish blanks in Question 16 and 17. Curve SS represents a domestic supply curve for some good X; if X is a competitive industry, then SS represents the horizontal sum of the marginal cost curves of many firms. Curse DD represents domestic demand for the same good. It is implicitly assumed that consumers do not care where the good was made, they simply want to buy the indicated quantities at the indicated...
2006, interest rates increased from 5% to 7%, when this happens consumers are A. less likely to save, that is, sell a financial asset. B. more likely to save, that is, sell a financial asset. C. less likely to save, that is, purchase a financial asset. D. more likely to save, that is, purchase a financial asset. I. In 2. If commercial banks hold all their assets in the form of required reserves: A. only they will be able to...
Most questions answered within 3 hours.
-
2014
2013
Return on Assets
1.52
3.52
Return on Equity
13.30
27.44
Total Debt Ratio
88.20...
asked 1 minute ago -
A flat circular coil with 104 turns, a radius of 3.01 x 10-2 m,
and a...
asked 57 seconds ago -
Please help. this question is confusing
How ninhydrin can be used to measure protease activity
and...
asked 16 minutes ago -
A student takes a 10 point quiz each week in statistics class.
If the student's quiz...
asked 24 minutes ago -
Investors require a 6% rate of return on Levine Company's stock
(i.e., rs = 6%).
What...
asked 26 minutes ago -
Which of the following is true?
1-If a company files for bankruptcy, preferred shareholders'
claims are...
asked 27 minutes ago -
Which of the hypothesis tests listed below is a
two-tailed test? Select all correct answers.
Select...
asked 45 minutes ago -
Solve following questions. ?= √?.M is your house value. If there
is a flood, your house...
asked 47 minutes ago -
Critical Thinking: Assume an economy that has a total
population of 290 million people of which...
asked 49 minutes ago -
Accounts receivable subsidiary ledger, schedule of
accounts receivable lo c1. Vali company recorded the following
selected...
asked 58 minutes ago -
Connell performed a series of studies to understand what limits
the distribution of barnacle species within...
asked 1 hour ago -
I throw a die with 6 sides. Consider the events, A=uneven and
B=prime number. Find the...
asked 1 hour ago