Summarize the arguments in support of restricting imports.

Q: Graph and analyze the effect of import Tariff in importing country

A: Implementation of tariff results in the creation of dead weight loss.

Q: What can government do to limit imports

A: Import limits are a set of tariff and non-tariff barriers introduced by an importing country to…

Q: Define dumping?

A: International trade refers to the exchange of goods services and capital between different countries…

Q: numerate import restrictions and discuss impact on consumers. Give examples to elaborate

A: The nations around the world get involved in the trading activities with each other. The countries…

Q: Describe the potential advantages to the economy if the government offers an export subsidy

A: A subsidy refers to benefits provided by the government to firms or households. These benefits are…

Q: A numerical limit imposed by a government on the quantity of a good that can be imported into the…

A: Government impose various methods to reduce Import of various goods which will affect the demand for…

Q: An import quota the domestic price of the imported good. mimics O always decreases always increases…

A: Import Quota is the limit which is put on the quantity of the good in a given time period that can…

Q: When a large country imposes a tariff for a certain good it imports,it often affects the foreign…

A: In the international market, large and small, all type of countries enter to make trade according to…

Q: How are Trumps tariffs affecting the farm economy?

A: China being the second largest importer of US Soyabean after Canada and the increase in tarfiff rate…

Q: government prefers to reduce imports with a tariff instead of a quota depends on whether A. imports…

A: In an open economy, tariffs and quotas are the two types of trade barriers used by the government of…

Q: The WTO discourages the use of quotas because they are:

A: World trade organization is the international organization which deals with the rules and…

Q: A tariff is A. a tax imposed on imports. B. any non-subsidy used to increase trade. C. any non-tax…

A: Trade restrictive policy refers to the policies that place restrictions on the free trade, i.e…

Q: If tariffs, quotas, and subsidies each cause net welfare losses, why are they so common, especially…

A: Tariffs , quotas and subsidies are all different forms of protectionism. Protectionism means trying…

Q: if it is no trade, what is the equilibrium price and quantity of sugar in Sri Lanka?

A: No-trade equilibrium price:- The no-trade principle in economics asserts that if marketplaces seem…

Q: What is the effect of placing tariffs on products imported into the U.S. from other countries? Are…

A: Import Tariffs: It refers to the tariffs that are imposed on the imported goods. They increase the…

Q: Describe what a tariff is and its economic effects

A: Tariff is a duty or a tax imposed on the foreign commodity by the domestic government to restrict…

Q: If the United States adopts a law that every good imported from another country must be visually…

A: A government bureaucracy is developed to implement, administer, and control the authority's laws.…

Q: Malaysia places a limit on the amount of cars that can be imported into the country. This is an…

A: In a country, any government action that reduces imports of the country will be considered as trade…

Q: In 2015, the European Commission proposed giving individual member states the right to ban imports…

A: Genetically Modified Organisms(GMO) are products that have been worked on in laboratories to…

Q: Which of the following is NOT a common reason why tariffs are used despite being inefficient?

A: Tariffs are by and large forced for one of four reasons  To shield recently settled homegrown…

Q: What is a tariff?  (a) A form of subsidy. (b) A tax on imported goods. (c) A tax on foreign…

A: International trade is the transfer of capital, goods and services across national borders and…

Q: Why do low income countries have higher tariffs than high income countries?

A: Tariff is a tax imposed on imported goods and services. It is used to restrict trade. Trade taxes or…

Q: Under what circumstances can a state impose a tax on goods that are imported into the state from…

A: Trade barriers refer to the trade restrictions that can be either tariff barriers or non-tariff…

Q: A large or small country imposing a tariff can benefit in terms of social welfare?

A: The nations around the world get involved in trade of goods, services, technologies, ideas, assets,…

Q: What are the benefits and costs of import tariffs?

A: Benefits of import tariffs :  It is one of the best source of government revenue.  Tariffs are a…

Q: Evaluate this statement: "If a country bans an import, smuggling is inevitable. We should welcome…

A: Import:Import is a trade practice in which a country buys or purchases goods and services from other…

Q: why the production subsidy does not change world prices, but the export subsidy can do?

A: By partially compensating production costs or losses, a production subsidy motivates suppliers to…

Q: State and explain three reasons why there are restrictions of import of goods and services

A: Various obstacles that prevent the free movement of goods and services between nations are referred…

Q: Whatever can be done by a tariff can be done by a quota.

A: Whatever can be done by a tariff can be done by a quota  I disagree with statement  Tariff is the…

Q: If a smaller country imports a good (electronics) from a larger country, is it beneficial for the…

A: International trade is essentially the buying and selling of goods and services between countries. A…

Q: Why do export subsidies result in welfare losses? Can can you make a graphic illustration about it?

A: Export subsidy will lead to welfare losses.

Q: What is the importance of food security in politics and governance in a place like the Philippines?

A: Food security is described as "everyone having access to enough food to live a healthy, active…