Explain what is meant by internalizing an externality

Assignment Help International Economics

Reference no: EM13236983

When the United States placed a tariff on steel imports in 2002, foreign producers naturally complained, but there were also complaints from U.S. firms operating in other industries. Why would other types of firms strongly object to the tarriffs on U.S. steel imports?

b) Name two factors that will increase the demand for labor, and two factors that will increase the supply of labor?

c) Explain what is it meant by, "internalizing an externality"?

d) Most firms in an oligopoly earn economic profit, yet addional firms do not enter the market. Explain why not?

Reference no: EM13236983

Questions Cloud

Explain what is the molar concentration of the hcl solution : A 0.338-g same of anhydrous sodium carbone, Na2CO3, is dissolved in water and titrated to a methyl orange endpoint with 15.33 mL of a prepared hydrochloric acid solution. What is the molar concentration of the HCl solution

Determine the total project completion time : Charlie Cook was able to determine the activity times for constructing his chemical contaminant tracking machine. A) Cook would like to determine ES, EF, LS, and LF for each activity. Here are the activity times

Explain what is the cl concentration : What is the Cl ? concentration just as Ag2CrO4 begins to precipitate when 2.0 M AgNO3 is slowly added to a solution containing 0.048 M Cl ? and 0.048 M CrO42-?

Explain what is the molarity of the hcl solution : What is the molarity of the HCl solution if 310mL of the HCl solution reacts with magnesium to produce 5.40L of H2 gas measured at STP

Explain what is meant by internalizing an externality : When the United States placed a tariff on steel imports in 2002, foreign producers naturally complained, but there were also complaints from U.S. firms operating in other industries. Why would other types of firms strongly object

Predict the new quantity and total revenue per week : Suppose a freeze in Florida wipes out 20% of the apple crop. How will this affect the equilibrium price and quantity of pear Assume that the apple and pear are substitute to each other.

Explain what is the ph after 0.010 moles of hcl : A buffer solution is 0.10 M HAc (acetic acid) and 0.10 M NaAc (sodium acetate) and we have 1.000 Liter of it. What is the pH after 0.010 moles of HCl are added to this solution

Discuss the structure of the housing market in sydney : Some properties are "sold prior to auction", that is, the vendor accepts an offer before the auction is actually run. Investigate and write a summary on how this process works. In particular, is there a hidden auction prior to auction day

Determine ph of the solution after addition mols of koh : A 100.0 mL sample of .20 M HF is titrated with .10 M KOH. Determine the pH of the solution after the addition of 100.0 mL of KOH. The Ka of HF is 3.5*10^-4

User Account

All Pages