Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Assignment:
President Trump imposed a new 10 percent tariff on aluminum imports from Canada in fall 2020. The price of aluminum has increased from $1700 to $1800 per ton.
a) Even though the tariff was 10 percent, the price increased by just 6 percent. Why didn't the price increase by the full 10 percent?
b) Who in the US economy is better off because of this tariff? Who is worse off? On the whole is the economy better or worse off? Explain your answer using supply and demand analysis (including a diagram), but without doing any calculation.
c) Suppose that before the tariff the US annually consumes 7.5 million metric tons of aluminum, of which 3.7 million are imported. With the 10 percent tariff, consumption has declined to 7.0 million metric tons of which 3 million would be imported. Calculate the change in consumer surplus and the change in producer surplus resulting from the tariff. How much better or worse off is the economy?
d) You own a company that sells aluminum-based products. You buy some of the aluminum from American firms and some you import from Canada and other countries. What advice would you give the President about the proposed tariff?
You are on the city council and are considering a law to control rents below the free-market rent. What would be the effect of this rent control law.
If Jones trades a used car to Smith for $5,000, nothing new is created. Thus, there is no way the transaction can improve the welfare of people.” Is this statement true
ECO202- Which has a larger effect on aggregate demand: an increase in government expenditure or an equal-sized decrease in taxes? Explain your answer.
Provide a detailed description of the issues that you have researched - Analyze the most significant economic effects of the researched issues on healthcare industry.
How much the owner of a building would be justified in paying for a sprinkler system that will save $750 a year in insurance premiums if the system has to be replaced every 20 years and has a salvage value equal to 10% of its initial cost? Assume ..
In the case of a binding price ceiling, why is the price below the equilibrium price? Isn't it possible for suppliers to increase price.
assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision
Write a paper on Technological Advancement for Firms. What role will technological advancement play in the future evolution of firms and industries?
What would be the market mechanism solution and What would be the central planning solution
The introduction of new gaming systems that can effectively compete for the Nintendo console market share will make the demand for Nintendo console to become:
Potato farmers in Montana raise about 7 percent of total output. If these farmers enjoy bumper crops (10 percent greater harvests than normal), is this likely to have much effect on price? On Montana farmers' incomes?
Assuming that Md=$Y(.85 - 3i) and income is $70Billion, the people hold 35% in currency, the reserve ratio is 12% and the monetary base
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd