Potato SA's head of marketing Willie Jacobs has explained that the practice of potato dumping holds some harmful consequences. These include further economic decline and hitting where it hurts most, the livelihoods of South African farmers and workers and their families. He added that irregular imports are detrimental to a viable local economy; hence the implementation of consistent anti-dumping measures is essential." If demand theory is used to explain why South African farmers feel their businesses are under threat, it is because they believe that... A. They would have to sell their produce at a low price resulting in losses. B. They are expecting prices to rise in the future. C. There is not enough demand for potatoes in the market. D. The dumped potatoes shift the supply curve outwards resulting in price that is too high for consumers to afford.

In 1981, the United States negotiated an agreement with the Japanese. The agreement called for Japanese auto firms to limit exports to the United States. The Japanese government was charged with helping make sure the agreement was met by Japanese firms. Were the Japanese firms necessarily hurt by this limited ability to export? Explain.

Assume that all tablets are identical goods, and that the market is competitive. The demand for tablets from users in Europe is given by the demand curve Q = 300 - 2P; and the supply of tablets from European manufacturers is given by the supply curve Q = 20 + 8P; where the price P is measured in hundreds of euros and the quantities Q are measured in millions. The market for tablets in Europe is large enough to influence the world price. The export supply curve of foreign manufacturers selling in the European market is given by Q = 20P – 20. 1. What would be the price of a tablet in Europe if imports were banned? 2. If tablets can be imported freely into Europe: (a) What is the equilibrium price of tablets in the European market? (b) What are the quantities consumed, produced, and imported in the European market? (c) What are the resulting consumer, producer, and total social surpluses in Europe? 3. If the European Union imposes a tariff t (in hundreds of dollars) on each tablet…

Export marketing is the integrated marketing of goods and services that are destined for customers in international markets. What does the marketing require?

Which of the following is not included in the objectives of tariffs? To promote indigenous research and development To protect domestic industries from foreign competition None of the above To guard against dumping

Direct investment should only be used when there is a low chance of success and the market has weak potential the market is stable and flat there is a low chance of success and the market has strong potential there is a high chance of success and the market has strong potential there is a high chance of success and the market has weak potential

The following is not the cost of the tariff a. area a b. area b  c. area d d. area a+b+c+d

Advantages of implementation of import ban on certain products.

For a large country import tariffs will yield a price increase for domestic consumer that is A   higher than the tariff itself B   equal to the tariff itself C   smaller than the tariff itself

The Nigerian president decreases the amount of imported tea allowed into the country by 100 million pounds per year.  Which trade is this?