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!
Measures used to restrict International Trade:
These are taxes imposed on traded commodities as they cross national boarders. These are two main types of tariffs. An import tariff is a duty on an imported commodity.Export tariff is a duty on an exported commodity.
• Tariffs may be specific, ad valorem or compound (a combination of an ad valorem and specific tariff). The effect of a tariff on imports depends on its size and the elasticity of demand for the imported commodity, If demand for imports is elastic, a tariff imposed will reduce imports by switching demand towards the domestically produced substitutes, conversely, if demand for imports is price inelastic, the main effect of the tariff will be on import prices rather than on the quantity of imports.
• Domestic Subsidies:These may be provided in many forms to avoid dumping. They are subsidies provided to certain domestic industries as a means of protecting them from lower priced foreign goods. These subsidies reduce the prices of the domestic products and make them more price- competitive.
• Quotas: They are quantitative restrictions (non tariff restrictions) on the imports and exports. They restrict the amount of commodities allowed to be imported or exported.
explain how the keynesian cross shows that the economy is susceptible to self-fulfilling prophesies, either positive or negative
Question: (a) Describe the two major developments which have led in the adoption of Import Substitution Industrialisation by Developing Countries in the 1940s/50s. (b) Ill
b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?
WITH reference to incidence taxation,explain with the help diagrams,who bears the incidence of taxation when the demand for a commodity is perfectly inelastic, perfectly elastic an
what is the relevance of microeconomic analysis in contemporary Nigerian economy
1. Let's get some practice plotting budget constraints. On the graph below, plot the budget constraints when: a. (Use Black): P x = 57,P y = 18, and M = 342. b. (Use Blue):
Mathematical Presentation of Utility maximisation: Consumer's objective is to maximise her utility by solving UMP. To solve UMP, we set the Lagrange function of the correspond
1) A) Suppose that several months of data showed the CPI increasing at a 4.5% annual rate due largely to increases in the price of energy and food related commodities following sev
Q=2h find the marginal point. where q is the quantity of electricity in MW-h and h is the amount of water (in 100s of liters per hour)
Mixed Economic System and how can this system solve the economic problem, with example?
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: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd