The supply and demand for toyotas 18 million were slightly

Reference no: EM13371692

The supply and demand for Toyotas (1.8 million) were slightly higher than for GM (1.5 million) at the $30K range for the first time ever. GM was suffering from many inefficiencies during the financial crises that year.

89_Quantitative Literacy.png

1. If the U.S. put a tariff on Toyotas, show on Graph 1 what would happen to the supply of Toyotas. In a couple of well written sentences, explain why the supply of Toyotas would change, and compare the new equilibrium price and output to the old one.

2. Again, if the U.S. put a tariff on Toyotas, show on Graph 2 what would happen to the demand for GM autos. In a couple of well written sentences, explain why the demand for GM autos would change, and compare the new equilibrium price and output to the old one.

3. Explain in a couple of well written sentences which industry in the U.S. would benefit in the short run from putting a tariff on all Japanese autos, and how.

4. Explain in a couple of well written sentences which industries in the U.S. would lose in the long run if the U.S. put a tariff on all Japanese autos, and why.

5. From a brief research, choose a less developed country (one with low per-capita GDP), together with one of its leading agricultural products. Explain in a couple of well written sentences why it would be justifiable for that country to impose a tariff on the importation of the same product from the U.S.

Reference no: EM13371692

Questions Cloud

For the table giventhe first two columns in the table give : for the table giventhe first two columns in the table give a firms short-run production function when the only variable

Mechanical aspects of conducting fiscal and monetary : mechanical aspects of conducting fiscal and monetary policybriefly explain the tools that governments have to move the

A monopolist has a marginal cost of 22 and faces a demand : a monopolist has a marginal cost of 22 and faces a demand curve of qd280-7p.i solve the monopolists profit maximization

For this discussion you will investigate how another : for this discussion you will investigate how another organization conducts assessments. begin by finding out whatever

The supply and demand for toyotas 18 million were slightly : the supply and demand for toyotas 1.8 million were slightly higher than for gm 1.5 million at the 30k range for the

1find two articles about a macroeconomic problem currently : 1.find two articles about a macroeconomic problem currently in the news from either a newspaper or news including

Imagine a large multinational firm producing consumer : imagine a large multinational firm producing consumer products which announces to cut 20000 thousand jobs close 100

Question 1 - a cross-sectional studythe data you need for : question 1 - a cross-sectional studythe data you need for this question is on the sheet companies. there are figures on

In 2012 a baseball player signed a contract reported to be : in 2012 a baseball player signed a contract reported to be worth 89.8 million. the contract was to be paid as 13.2

User Account

All Pages