Who is likely to benefit from the quota

Assignment Help Microeconomics
Reference no: EM13188821

People sometimes argue that imports should be limited by government policy. Suppose a government quota on the quantity of imports causes net exports to rise. Using the circular flow diagram as a guide, explain why total expenditures and national output may rise after the quota is imposed. Who is likely to benefit from the quota? Who will be hurt?

Reference no: EM13188821

Questions Cloud

Solve an increasing number of complex problems : Autonomous (intelligent) software agents are used in Artificial Intelligence to solve an increasing number of complex problems and discuss their main applicability as well as their advantages, limitations and current research trends in the area.
Find the dimensions of the new corral : a rancher wants to enlarge an existing rectangular corral such that the total area of the new corral is 1.5 times that of the original corral. the current corral's dimensions are 250 feet by 160 feet. The rancher wants to increase each dimension b..
Why would items move from a slower layer to a faster layer : Determining the time quantum for a job is a critical task. Given the assumptions that the average switching time between processes is s, and the average amount of time an 110 bound process uses before generating an I/O request is t (t » s). Discus..
Determine the angle of the launch to obtain maximum length : Determine the angle of the launch to obtain the maximum length of the trajectory. Let v0 = 96 feet per second
Who is likely to benefit from the quota : People sometimes argue that imports should be limited by government policy. Suppose a government quota on the quantity of imports causes net exports to rise. Using the circular flow diagram as a guide, explain why total expenditures and national o..
What is the probability that all the numbers are even : Five numbers are chosen at random from the set {1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13}, without replacement. What is the probability that all the numbers are even?
Is the demand curve elastic or inelastic : a price change causes the quantity demanded of a good to decrease by 30percent , while the total revenue of that good increases by 15 percent . is the demand curve elastic or inelastic explain.
Find the length of the lot : The perimeter of a rectangular lot is 56 meters. The length exceeds the width by 12 meters. Find the length of the lot.
Find an approximate 99 percent confidence interval : One tire manufacturer found that after 5,000 miles, y=32 of n = 200 steel-belted tires selected at random were defective. Find an approximate 99 percent confidence interval for p, the proportion of defective tires in the total production.

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