Question

Briefly explain how import tariffs can be part of a set of government policies to increase...

Briefly explain how import tariffs can be part of a set of government policies to increase national well-being for small developing countries where government revenue is difficult to obtain by other means such as an income or sales tax.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Chapter 5 Import Protection Policy: Import Tariffs I. Chapter Overview 1. Types of import tariffs in...
Chapter 5 Import Protection Policy: Import Tariffs I. Chapter Overview 1. Types of import tariffs in terms of the means of collection in terms of the different tariff rates applied in terms of special purposes for collection 2. The effects of import tariffs concepts of consumers surplus and producers surplus the welfare effects of import tariffs 3. Measurement of import tariffs the "height" of import tariffs nominal versus effective tariff rates II. Chapter Summary 1. The means of collecting import...
Briefly explain whether any of the following policies are likely to increase the rate of economic...
Briefly explain whether any of the following policies are likely to increase the rate of economic growth in the United States. Give economic rationale. Congress passes a law that allows taxpayers to reduce their income taxes by the amount of state sales taxes they pay.
When studying the effects of trade restrictions, what is the defining characteristic of a “small nation”...
When studying the effects of trade restrictions, what is the defining characteristic of a “small nation” relative to a “large nation”? A small nation has lower per capita income than a large nation. A small nation has less land mass than a large nation. The trade policies of a small nation cannot influence the world prices of its imports and exports while the trade policies of a large nation can. all of the above When a large nation imposes an...
1.Taxes can be justified if the government uses the revenue to (i) provide public goods such...
1.Taxes can be justified if the government uses the revenue to (i) provide public goods such as national defense. (ii) clean up negative externalities such as water pollution. (iii) regulate a common resource such as fish in a public lake. (iv) provide goods with positive externalities such as medical research. A) (ii) only B) (ii) and (iii) only C) (i), (ii), and (iii) only D) (i), (ii), (iii), and (iv) 2.A person's tax liability refers to A) the percentage of...
An example of an industry that can limit trade and increase prices is: Question 22 options:...
An example of an industry that can limit trade and increase prices is: Question 22 options: a) oil. b) groceries. c) clothing. d) sugar. Restrictions on trade: Question 21 options: a) reduce income, increasing the necessity of child labor. b) allow children to leave jobs in agriculture for higher-paying jobs in manufacturing. c) lead to higher income for developing countries but not industrialized countries. d) reduce child labor by making countries more reliant on adult labor. Which of the following...
QUESTION 1 A benefit of being part of a customs union (relative to not being in...
QUESTION 1 A benefit of being part of a customs union (relative to not being in the customs union) is, a. being in a customs union makes it more likely that firms can achieve economies of scale b. a customs union tends to have more bargaining power in trade agreements than a country has by itself c. both A and B d. neither A nor B QUESTION 2 A key difference between a customs union and a free trade area...
New Directions for Egalitarianism 22. As discussed in a previous section, relational egalitarians may not see...
New Directions for Egalitarianism 22. As discussed in a previous section, relational egalitarians may not see equality of wealth as their most desired outcome. They instead desire equality of social relationships. To them, equality of wealth has been the most direct path to achieve this desired end. However, new trends are developing. 23. There has been increased attention in the economics literature on the failings of policies that target economic growth and income in an effort to make lives better...
Can I have your opinion on this research and possible correction? The global economy and government’s...
Can I have your opinion on this research and possible correction? The global economy and government’s ability to control its country’s currency. Definition of terms Global economy is an economic interdependence established between the most influential countries that drives the worldwide economic environment. It is also the aggregate economic output, movement and influence of all countries. (My Accounting course). Currency is the medium of exchange for goods and services. In short, its money, in the form of paper or coins,...
Project 1 Explain how your organisational systems, policies or procedures can support the development of effective...
Project 1 Explain how your organisational systems, policies or procedures can support the development of effective work relationships focusing on communications, consultation, feedback, cultural and social sensitivity, and issue & conflict resolution. Ensure you include in your discussion the following points: communicating information to support others to achieve work responsibilities facilitating employees' contributions to consultation on work issues providing feedback on the outcomes of consultations resolution of issues raised or referral to relevant personnel establish and/or implement policies to ensure...
1) Which of the following are government policies: a. NAFTA B. Milk C. We need to...
1) Which of the following are government policies: a. NAFTA B. Milk C. We need to Preserve family farms D. Canadian Wheat Board E. a and c above 2) The following are consequences of globalization: a. Countries are less dependent on one another b. U.S. trade policy decisions affect other countries. c. Farm Programs become more effective d. It is easier for a country to protect its producers from outside competition e. a nd c above 3) The primary contributor...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT