from a consumers point of view, would you prefer a quota or a tariff? why?
Homework Answers
Answer:- Quota is a government restriction which is imposed to restrict the trade between that particular country and other countries.
Whereas, tariff is the tax imposed by the government of a country to lower the value of products imported. This is done by adding the tax amount to the price of the product and causing a rise in the prices of the products imported.
From a consumer point of view, quota must be preferred because quota just restricts the trade between any two countries but not necessarily increase the prices of the products. It means that products can be imported from other countries at lower rates.
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from a consumers point of view, would you prefer a quota or a
tariff? why?
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.
3 3) A government is considering a quota and a tariff, both of which will reduce...
3
3) A government is considering a quota and a tariff, both of which will reduce imports by the same amount. Why might the government prefer one of these policies to the other?
2. Why do economists believe that a a tariff is better than an import quota? (Actually...
2. Why do economists believe that a a tariff is better than an import quota? (Actually most economists do not like either!)
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40% of consumers prefer to purchase electronics online. You randomly select 8 consumers. Find the probability that the number of consumers who prefer to purchase electronics online is (a) exactly five, (b) more than five, and (c) at most five. (a) Find the probability that the number that prefer to purchase electronics online is exactly five. P(5)= (Round to three decimal places as needed.)
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Seventy percent of consumers prefer to purchase electronics online. You randomly select 8 consumers. Find the probability that the number of consumers who prefer to purchase electronics online is (a) exactly five, (b) more than five, and (c) at most five. (a) Find the probability that the number that prefer to purchase electronics online is exactly five. P(5)= (Round to three decimal places as needed.) (b) Find the probability that the number that prefer to purchase electronics online is more...
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Fifty percent of consumers prefer to purchase electronics online. You randomly select 8 consumers. Find the probability that the number of consumers who prefer to purchase electronics online is (a) exactly five, (b) more than five, and (c) at most five. (a) Find the probability that the number that prefer to purchase electronics online is exactly five. P(5) (Round to three decimal places as needed.) (b) Find the probability that the number that prefer to purchase electronics online is more...
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3) A government is considering a quota and a tariff, both of which will reduce imports by the same amount. Why might the government prefer one of these policies to the other?
Seventy percent of consumers prefer to purchase electronics online. You randomly select 8 consumers. Find the probability that the number of consumers who prefer to purchase electronics online is (a) exactly five, (b) more than five, and (c) at most five. (a) Find the probability that the number that prefer to purchase electronics online is exactly five. P(5)= (Round to three decimal places as needed.) (b) Find the probability that the number that prefer to purchase electronics online is more...
Fifty percent of consumers prefer to purchase electronics online. You randomly select 8 consumers. Find the probability that the number of consumers who prefer to purchase electronics online is (a) exactly five, (b) more than five, and (c) at most five. (a) Find the probability that the number that prefer to purchase electronics online is exactly five. P(5) (Round to three decimal places as needed.) (b) Find the probability that the number that prefer to purchase electronics online is more...
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