b.) Governments are aware of the impact of Imports on their economy bu because they also want their goods purchased by other countries, they are constrained to allow controlled volume of import trades using certain polic tools for protection. List any six (6) of these trade protection tools.
Q: In 1938, major powers met in Munich to discuss Germany’s demands to annex part of Czechoslovakia. Le...
A: Given information 2 countries Allies and Germany Allies has 2 strategy compromise and fight Germany ...
Q: Given f (x, y) = 4x² + 6xy – 5y? - df(x,y) What is dx
A: Here, a function is given as: f(x,y)=4x2+6xy-5y2 To find: df(x,y)/dx
Q: Answer questions in this assignment using the above graph. Suppose the government offers a $50 wage ...
A: Equilibrium in the market is reached at the intersection of labor demand and labor supply curves.
Q: f Coffee, Co. and the Tea Shoppe plan to collude on their weekly advertising decision, Multiple Choi...
A: There are two firms, i.e., Coffee Co and Tea Shoppe. The weekly profit for both firms is given in t...
Q: Price $11 10 8. * Doewm Tax 90 100 Quantity 24. How much will the seller receive after the tax is im...
A: Tax is compulsory payment made by individuals or organisation without expecting something in consid...
Q: Consider the following version of the short run monetary model: MD/P = exp(-0.50*i)*Y (UK) MS = M i=...
A:
Q: Price $11 10 90 100 Quantity 22. How much of the tax will the sellers pay? а. $3 b. $2 C. $1 d. $0 2...
A: The markets are the place where the buyers and the sellers of the goods, services, and other product...
Q: line represents 2010. Share of income received 1960 2010 Bottom 20% 10% 5% Bottom 40% 30% 10% Bottom...
A: In economic aspects, the Lorenz bend is a graphical portrayal of the circulation of pay or of riches...
Q: Find one (1) multi-national company in the Philippines. Identify at least five (5) risk management b...
A: There are many measures that can be taken in order to protect the company from any kind of risk. Com...
Q: Which of the following is counted as part of the US GDP in 2019? Question 9 options: All cars t...
A: All cars include used cars as well so they were not produced in 2019. So not a part of GDP. Producti...
Q: Consider the following Cobb-Douglas production function. Q = 25K0.4L0.3 a. Find the first, second, a...
A: The Cobb-Douglas production functions show the technical relationship between two or more inputs and...
Q: Suppose that County A has a money demand function given by Md= 50+ 2Y- 5r, while Country Bhas a mone...
A: Answer:- (A) The LM in A is steeper than in B
Q: Illustrate and explain what is meant by consumer surplus and producer surplus at market equilibrium....
A: Total surplus is defined as the total wellbeing of all the participants in a market. It refers to th...
Q: In the summer of 2018, you took a vacation and visited several destinations in France, including the...
A: The balance of trade, also known as the commercial balance or net exports, is the monetary value dif...
Q: If a price ceiling is set by the government above the market equilibrium price, then A: the quantity...
A: Given data: A price ceiling is set by the government above the market equilibrium price.
Q: The following table shows the composition of GDP in 2015 for a hypothetical country. Complete the ta...
A: The gross domestic product (GDP) is the total market value of goods and services produced by a count...
Q: Suppose that every driver faces a 2% probability of an automobile accident every year. An accident w...
A: In the insurance premium, actuarially fair price means that the premium of insurance is paid accordi...
Q: Consider the following version of the short run monetary model: MD/P = exp(-0.50*i)*Y (UK) MS = M i ...
A: Given information Money demand in UK Md/P=e(-0.5*i)*Y Ms=M I=i_US+e^e-e M=1100 Y=1506 P=1 i_US=0.04 ...
Q: Can the choices below be represented with a utility assignment? How would you assign these utilities...
A: Utility is the satisfaction derived from the consuming the goods and services . And to choose best o...
Q: 2. Now, reestimate the model using the log of netinc and salary: return = -36.30 + .327dkr + .069eps...
A: An effective statistical tool for examining the relationship between two or more variables of intere...
Q: A local U.S. Postal Service office is considering purchasing a 4,000 lb forklift truck, which will b...
A: All expenses related to the day-to-day operation and administration of a business are included in op...
Q: Which of the following is NOT true of a pure command economy? A. Capital and labor are allocat...
A: An economic system is a way for governments or communities to distribute and organise resources, goo...
Q: Consider an economy which is heavily dependent on tourism. To boost tourist revenue, the governmen...
A: The markets are the place where the buyers and the sellers of the products interact with each other....
Q: The following table shows the composition of GDP in 2015 for a hypothetical country. Complete the ta...
A: The given table shows the information about the components of aggregate demand with some missing val...
Q: c) All governments have the purposes of establishing laws, providing order and security, protecting ...
A: As different products are manufactured, cost is initiated and process of business follow ups. Busine...
Q: 12. How long in years will it take the money to triple its amount when deposited at the rate of 12% ...
A: Dear Student as you have posted multiple questions, but we are allowed to attempt only 1 question at...
Q: MACROENVIRONMENT ELEMENT Characteristics (Define the given element by identifying its nature, charac...
A: The area of distribution, production, and consumption of goods and services by different agents as a...
Q: Calculate GDP, what is included...what is not? Criteria USD in Billions Personal Consumption Expendi...
A: Y = C+I+G+NX Y= GDP = Gross domestic product = National income C= Consumption expenditure I= Investm...
Q: a. Estimate a learning curve for the data. b. How well do the data fit a learning curve? c. Estimate...
A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If y...
Q: What is the main advantage for an LLC or Corporation? Select one: O a. taxes O b. to avoid personal ...
A: In the mentioned question, we have been asked about the advantage of having a corporation rather tha...
Q: Briefly explain how the supply curve for tanker truck drivers has shifted in April 2021 and What imp...
A: Lack of Truck Drivers: Due to the pandemic in 2020 and subsequently, in 2021, many truck drivers mig...
Q: Q1(a) When a company buys medical insurance for all its workers, the insurance premium per workers i...
A: If the assumption that utility are relaxed still no insurance contract can provide full protection a...
Q: MC Price AC £/unit AVC D2 D3 D1 D4 Quantity/ week Figure 9 Cost curves for a price-taker firm Figure...
A: A price taker firm is one that operates its business in the perfectly competitive market, due to whi...
Q: . Ignoring mixed strategies, does the following gam librium? Does it have more than one Nash equilib...
A: The Nash equilibrium exists where the one player takes the best course of action provided the strate...
Q: Which of the following is not an example of a free rider problem? Select the correct answer below: i...
A: Public goods are those goods which are non-rivalrous and non-excludable.
Q: Question 19 What was the mito? O A labor tax on indigenous peoples in the Andes O A tax on silver pr...
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...
Q: Explain how this relates to economic resources and production possibilities, considering specificall...
A: Semiconductor which is used to produce from fast-food containers to stuffed animals and many advance...
Q: What are the roles of banks in the financial system?
A: Financial markets (such as those in which stocks or bonds are traded), securities (from bank CDs to ...
Q: Which of the following might help to solve a free-rider problem? Select all that apply: using the po...
A: Free riders refer to a group of people who enjoy public goods or common resources without paying any...
Q: For 1990, let dkr be a firm's debt to capital ratio, let eps denote the earnings per share, let neti...
A: To see if the existing results are different, use the enhanced estimation equation with log function...
Q: If you visited Cancun, Mexico and purchased a meal in a local restaurant there, that would find its ...
A: The items in the current account are recorded into two parts: 1) Export and imports of visible items...
Q: MC AC AVC D1 D2 D3 D4
A: The firm will stop producing if price falls below the shutdown point. Shutdown point is decided thro...
Q: Actual authority is the authoritya partner appears to have to third parties external to the partners...
A: In a market, when firms adopt different types of businesses, partnership is throne in which two or m...
Q: Pixie Arts and Graphics, a medium scale printing press business has determined the equation that des...
A: Inverse Demand Function: P = 150 - 0.01DCF = 50000CV = 40 For maximising the profit, we will partial...
Q: For each of the following production functions, compute the marginal product of capital (MPK) and th...
A: Answer: Marginal product: marginal product of input refers to the additional output produced by that...
Q: Q.1 Explain why effective time management is specially important for sales professionals? Give examp...
A: Time management is the process of planning and balancing your time among various activities. Good ti...
Q: Which is NOT true about globalization? A. Globalization has competing definitions and importance B. ...
A: Trade is defined as the exchange of commodities and services across the boundary of the country. In...
Q: Supply Curve and give interpretations.
A: Supply and Supply Function : By supply it is meant that the amount of a commodity offered for sale a...
Q: Please draw two graphs The first graph showing the impact of higher corn prices on (consumers) expla...
A:
Q: O Consi der Hhe follouing Cournet medel. » The inverse femand function is given by p= 30-0 where Q= ...
A: According to bartleby guidelines and policy we can attempt only 3 sub-parts therefore kindly attach ...
Step by step
Solved in 2 steps
- What is the national interest argument for protectionism with regard to certain products?Why might the unsafe consumer products argument be a more effective strategy (from the perspective of the importing country) than using tariffs or quotas to restrict imports?07. Under open trade, (a) country 1 will be importing and country 2 exporting 12 units at a price of $10. (b) country 1 will be importing and country 2 exporting 9 units at a price of $11. (c) country 2 will be importing and country 1 exporting 15 units at a price of $11. (d) country 2 will be importing and country 1 exporting 9 units at a price of $14. (e) country 2 will be importing and country 1 exporting 9 units at a price of $11.
- PRICE (Dollars per ton) 980 Domestic Demand 930 880 830 780 730 680 630 580 530 480 0 50 Domestic Supply Pw 100 150 200 250 300 350 400 450 500 QUANTITY (Tons of oranges) If Zambia is open to international trade in oranges without any restrictions, it will import A tariff set at this level would raise $ ? Suppose the Zambian government wants to reduce imports to exactly 200 tons of oranges to help domestic producers. A tariff of $ will achieve this. tons of oranges. in revenue for the Zambian government. per ton1. What is the Impact of COVID-19 on Trade in case of Pakistan,(i) What is the difference between tariff rate quotas and quantitative restrictions?
- Q4. The supply S and demand D for sugar in US are: S = 3500 + 6.2P D = 10500 – 3.8P where P is the price of sugar (in tons) and S and D are in thousand tons. The world price is 300 $/ton. Assume that the US is a small country in the sugar market. (a) If there was free trade, how much sugar would the United States import from the rest of the world?41) A tariff is a tax imposed by a government on its own exports. T or FQ91 Over the long run, protecting a domestic industry using a high tariff is likely to _____ new products and production methods, thus making it _____ to compete in the global marketplace. a. Encourage it to develop; more able. b. Encourage it to develop; less able. c. Discourage it from developing; more focused on investing in its ability. d. Discourage it from developing; more able. e. Discourage it from developing; less able.
- (a) You have read all the time that trade brings net benefits to nations open to it. But are there any costs or drawbacks that come with open global trade? (b) Consider a country that is open to trade, but is using protectionist policies like tariffs and quotas. Why do you think that most consumers do not vigorously oppose these protectionist policies? (c) Suppose the country in (b) imports and exports goods and services from more than 80 different nations, but the bulk of its imports and exports tend to come from the same five nations. What might be the reasons that the majority of its imports and exports come from only five different nations as opposed to being more evenly spread across the 80 different nations that it trades with?Please answer each question with sufficient detail. Relevant detailed responses are highly r$ewarded. If you consult any sources, then you should provide both in-text citations and references at the end of each response. You need to make sure at least consult your textbook for your responses. 1. Suppose that the production of $1 miilion worth of steel in Canada requires $100,000 worth of taconite. Canada's nominal tariff rates for importing these goods are 20 percent for steel and 10 percent for taconite. Given this information, calculate the effective rateof protection for Canada's steel industry.2. Uganda is a small of Uganda country. The government wants to protect domestic producers of rice by imposing a quota, an ad valorem tariff or an equivalent specific tariff. The three trade barriers would be equivalent in the sense that either one will initially limit imports to a given amount. Once either of these measures is imposed, the government will not switch to a different measure or change its magnitude. Suppose the world supply of rice (relative to the world demand for rice) is expected to increase in the future. You are a lobbyist for producers of rice in Uganda and you only care about their interests. Which trade barrier would you advocate on their behalf - a quota, an ad valorem tariff, or a specific tariff? Which one would you advocate next? Explain carefully using a numerical example. (Feel free to use a graph as well if you want.) (Consider ONLY the interests of PRODUCERS of rice in Uganda.)