Why does government create trade barriers

Assignment Help Econometrics
Reference no: EM131042387

If trade barriers hurt the average worker in an economy (due to lower wages), why does government create trade barriers?

Reference no: EM131042387

Questions Cloud

Differential between the united states and country : A recent shift in the interest rate differential between the United States and Country A had a large effect on the value of Currency A. However, the same shift in the interest rate differential between the United States and Country B had no effect..
Who pays the rest of the tariff amount : Who pays the rest of the tariff amount? Can you show this graphically?
Married and a supervisor : A company has 140 employees, of which 30 are supervisors. Eighty of the employees are married, and 20% of the married employees are supervisors. If a company employee is randomly selected, what is the probability that the employee is married and a..
Describe how various economic factors : Briefly describe how various economic factors can affect the equilibrium exchange rate of the Japanese yen's value with respect to that of the dollar.
Why does government create trade barriers : If trade barriers hurt the average worker in an economy (due to lower wages), why does government create trade barriers?
Measured as a number standard deviations : At what prices would Google have to close at in order for it to be considered statistically unusual? You should have a low and high value. Be sure to use the definition of unusual from our textbook that is measured as a number standard deviations
Find the sample mean of observations : 1) We test the null hypothesis H0: μ = 10 and the alternative Ha: μ ≠ 10 for a normal population with σ = 4. A random sample of 16 observations is drawn from the population and we find the sample mean of these observations is x = 12. The P-value is c..
Two methods to estimate the probability : Let S be the number of heads in 1,000,000 tosses of a fair coin. Use the Central Limit Theorem, to estimate the probability that S lies between 499,500 and 500,500. Use the same two methods to estimate the probability that S lies between 499,000 a..
Identify good candidates for infant industry protection : Why are industries like computers not good candidates for infant industry protection?

Reviews

Write a Review

Econometrics Questions & Answers

  What is the bottom line in negotiations with the telecom

suppose you work for an original equipment manufacturer (OEM) who makes component pieces for a telecommunication company. The telecom company asks you for a price quote for 2,000,000 units that will require a $1,000,000 investment

  How many security guards should the firm hire

The firm wants to hire the optimal number of security guards. The following table shows how the number of security guards affects the number of radios stolen per week. Number of Number of radios Security Guards stolen per week 0 50 1 30 2 20 3..

  What is the firms current output level

At its current short-run level of production, a firm's average variable costs equal $20, and its average fixed costs equal $70. Its total costs at its current production level equal $200,000. a. What is the firm's current output level

  What is the expected price of oil in 2053

Assume oil is an exhaustible resource supplied competitively by many small suppliers. The interest rate is 5% per year. Assume the price in the year 2011 is $40 per barrel, extraction costs are $10 per barrel, constant over time in nominal terms.

  Solve for an expression for the change in equilibrium gdp

Solve for an expression for the change in equilibrium GDP for anincrease in government expenditures equal to ΔG when taxes are held constant. An algebraic version of the simple model of the economy is: C = c0 + c1 Yd

  What will happen because it is out of quilibrium

Calculate total revenue, marginal revenue, marginal cost, and average cost at each level of sales fo the store. If Swim N Style is a profit maximizer, what number of suits will it sell per hour? What will its price and profit be? How can you tell wha..

  What is the effective interest rate made in investment

In January of 2007 Mary bought 100 stocks of Apple Inc for $55 each. this stock paid an average dividend of $4.50 per stock until the end of each year until mary sold all the stocks in December 2012 for $75.50 each. What is the effective interes..

  Determine how much more output-income per year

a) Just to provide the 2.7 billion "severely" poor population with $1 more output per day b) To raise the incomes of the world's "severely poor" population (income less than $2 per day) to the official threshold of U.S. poverty (roughly $5,000 per..

  What is the marginal and average tax rate for each family

Suppose the tax rate on the first $10K income is 0: 10% on the next $20K; 20% on the next $20,000; 30% on the next $30K; and 40% on any income over $80K. Family A has income of $40K and Family B has income of $100K. What is the marginal and averag..

  Determine what is the gradient amount

A project generates decreasing cash flows, $10,000 one year from now, decreases $1,000 every year and the project at the end of year 6 (6 years from now). At an annual interest rate of 12%.what type of Gradient is this

  A manufacturer of microwaves has discovered that male

a manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no

  Determine how many units will be produced in each plant

Suppose a company owns two plants, plant A and plant B. The total cost functions are as follows Plant A: TCA = 5qA + 0.1qA2 Plant B: TCB = 5qB + 0.2qB2 1. Suppose that the company is a price taker and the market price is $10.

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