Homework Answers
24. Correct option : C.
Complete ban is called as Embargo. This is trade protection measure.
Tariff(tax on imports )increases world price and this is also used to discourage imports.
25. 5 million earning on 60 million means ( 5/60) *100= 8.33 %.
The interest rate is 10 %. Lender earns (10/100*60 = 6 million as an interest ).
But True. If govt. charges tax on lenders income then gap of 1 million can be covered. However it is determined by the tax rate.
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Question 24: In order to eliminate imports of a product, the domestic government carn a) Ban...
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...
QUESTION 17 When we look at tariffs and quotas, 0 a. domestic producers are indifferent between...
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Questions 1-5 Beta's National Accounts in 2019 1. Net Domestic Product 2. Exports 3. Personal income taxes 4. Government expenditures 5. Consumption expenditures 6. Gross investment 7. Imports 8. Corporate profits before taxes 9. Personal disposable Income 10. Net Investment 11. Capital stock on January 1, 2019 Billions of $ 2250 100 300 600 1400 250 75 350 1900 225 30000 1. GDP was a) $2175 billion b) $2275 C) $2300 d) $2325. Depreciation was a) So billion b) $25...
please answer those two questions Questions 1. Do you think the efforts of Brazil's government to...
please answer those two questions
Questions 1. Do you think the efforts of Brazil's government to keep the economy growing will be successful? Why or why not? 2. What downsides might Brazil experience by implementing quotas, tariffs, and measures to devalue its currency? Video Case Keeping Brazil's Economy Hot It's been hot in Brazil. No, we're not talking about the country's temperature: We're talking about its economy, which has been growing at a heated pace. In 2010, the country's GDP...
Question 7 Suppose the legislature of Youngland voted to impose a protective tariff on microprocessor chips....
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Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between...
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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...
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...
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...
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Questions 1-5 Beta's National Accounts in 2019 1. Net Domestic Product 2. Exports 3. Personal income taxes 4. Government expenditures 5. Consumption expenditures 6. Gross investment 7. Imports 8. Corporate profits before taxes 9. Personal disposable Income 10. Net Investment 11. Capital stock on January 1, 2019 Billions of $ 2250 100 300 600 1400 250 75 350 1900 225 30000 1. GDP was a) $2175 billion b) $2275 C) $2300 d) $2325. Depreciation was a) So billion b) $25...
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