Discuss about the tariff reduction of flat screen tvs

Assignment Help Microeconomics
Reference no: EM131634036

Qusetion: A tariff is a tax on imported goods. Suppose the U.S. government cuts the tariff on imported flat screen televisions. Using the four-step analysis, how do you think the tariff reduction will affect the equilibrium price and quantity of flat screen TVs?

Reference no: EM131634036

Questions Cloud

What skills and knowledge do creative entrepreneurs require : What skills and knowledge do creative entrepreneurs require in the contemporary creative economy? How to develop and build entrepreneurial skills?
Discuss exercised by the various courthouse actors : Discretion in decision making is exercised by the various courthouse actors. Provide examples of the types of decisions an actor might make
Death or the death of one of your family members : When you think about your own death or the death of one of your family members or friends, what are or have been the greatest fears and concerns?
What is municipal union : What is municipal union and why it is important? Please give me the definition and its significance.
Discuss about the tariff reduction of flat screen tvs : A tariff is a tax on imported goods. Suppose the U.S. government cuts the tariff on imported flat screen televisions.
Videos and reading the articles by erickson : Prepare for your discussion by viewing the required videos and reading the articles by Erickson, Zitter, Byock, and Scarre. View Jenkinson, Alecson
What happens when a nation and a state do not fit : What happens when a nation and a state do not fit?Was asked this question based on the chapter in our book for nationalism.
Differentiate a criminal offense from a civil wrong : What characteristics differentiate a criminal offense from a civil wrong? In other words, suppose state X is considering adopting a law making conduct Y a crime
Find the equilibrium price and quantity of air travel : Let's think about the market for air travel. From August 2014 to January 2015, the price of jet fuel decreased roughly 47%. Using the four-step analysis.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd