Who gains and who loses due to the tariff

Assignment Help Business Economics

Reference no: EM131236700

A tariff is simply a tax on imports. Use our model of the excise tax (with diagram) to explain why domestic firms request that tariffs be imposed. Who gains and who loses due to the tariff? (Consider both the domestic and the foreign country in your answer)

Reference no: EM131236700

Questions Cloud

Inflation averages : Suppose that inflation averages 3% over the next few years. Would you rather experience a constant 3% inflation or an inflation what was randomly 2% or 4%. Explain.

Federal and state governments will reduce deficit spending : Federal and state governments will reduce deficit spending by 1.8 trillion this fiscal year. This action will cause which of the following to occur?

When the federal reserve fears : When the Federal Reserve fears that inflation is imminent, the Fed tends to push up interest rates which leads to higher unemployment. Does the Fed not care what jobs are lost? Explain

The learning curve percentage for unit number : The time required for one team of employees to produce the first item is 100 hours. The learning curve percentage for unit number 70 is established to be 88%. what amount of time will they need to produce unit number 130?

Who gains and who loses due to the tariff : A tariff is simply a tax on imports. Use our model of the excise tax (with diagram) to explain why domestic firms request that tariffs be imposed. Who gains and who loses due to the tariff? (Consider both the domestic and the foreign country in your ..

What is effect of income on access to quality health care : Health is more than just health care. What is the effect of income on access to quality health care? Why? What programs are available for children whose families cannot afford health care? Conduct online research. Discuss a health care issue that you..

Lowering the price of either haircuts or alcoholic drinks : Supposed you own a barbershop/saloon. You are considering lowering the price of either haircuts or alcoholic drinks. The actual elasticity of demand for haircuts o 1.36 and for alcoholic drinks is 0.62. which price should you lowers? Explain

Economy has overbuilt and suffers from excess capacity : Suppose an economy has overbuilt and suffers from excess capacity. A recession ensues due to firm cutting back on expenditures. Is deficient demand more easily remedied by monetary or fiscal policy for this economy?

The socially optimal amount of bees to be kept : A beekeeper, Yung, lives next to an apple orchard. She is not only benefits from the bees honey, which she sells, but she sells, but she also creates a positive externality for her apple grower neighbor: Yung's bees help pollinate the apple trees so ..

User Account

All Pages