User Account

All Pages

Why would the government impose quotas

Assignment Help Business Economics
Reference no: EM132135757

Since quotas do not raise revenues but have the same trade effects as do tariffs, why not just have tariffs? Why would the government impose quotas when tariffs not only would reduce imports but also bring in new revenues for the treasury?

Reference no: EM132135757

Questions Cloud

What is the target fee for an overnight stay : The cost to the hospital of an overnight stay (staff, physical equipment, and supplies) is $400. What is the target fee for an overnight stay
Can you provide the answer and explain why : Can you provide the answer and explain why? The price elasticity of demand for a good will be greater
Identify the product that would be best for the firm : A specialty software development firm is planning to offer one of four new software products and wishes to maximize profit, minimize risk, and increase market.
Discuss whether or not the assignment is valid : Discuss whether or not the assignment is valid. Analyze whether or not the rights can be assigned or if they are prohibited under the basic rules of assignment
Why would the government impose quotas : Why would the government impose quotas when tariffs not only would reduce imports but also bring in new revenues for the treasury?
What is the new equilibrium price : Let demand be given by QD = 8 - 2P; let supply be given by QS = 2P. A tax of $2 per unit is imposed on consumer, what is the new equilibrium price
Write a bubble sort function with a test program : Write a comparative algorithm that will compare the efficiency of three sorting routines. Write a Bubble Sort function with a test program.
Obtain the best forecast result : What are three ways that even every forecast model should be evaluated to obtain the best forecast result.
Plan and develop new e-commerce initiatives : Establish and maintain an International footprint for your e-commerce site ? Plan and develop new e-commerce initiatives

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd