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Protection against dumping:
It could be looked at as the export of commodities priced below cost of production. Dumping is generally looked upon as an unfair trading practice and for that reason industries fearing competition from dumped goods ask for tariffs to protect them. An export subsidy is s salient form of dumping. Export subsidies are direct payments made or the granting of tax relief and subsidized loans to the nation’s exporters so as to stimulate the nation’s exports. These make the nation’s exports price competitive on the international markets.
National Security: Some key industries such as agriculture and industries producing goods that are important for the defense of the country must be maintained. Countries therefore protect these industries.
To raise revenue: Tariffs are sometimes justified as a means of raising revenue for the government, but in modern economies this is a comparatively unimportant source of government revenue.
The enzymes are highly specific in nature. During enzymatic reaction the enzyme is so built that it binds to the substrate in a specific manner. The stepwise mechanism of enzyme ca
Really briefly, what are 2 methods of measuring external stability? In Australia generally.
a) The production function of certain firm is given as Q = 40 K 1/2 L 3/4 A unit of capital and labour costs Kshs 44 and Kshs 36 respectively. The firm would like to maxim
when average product is decreasing, marginal product is?
Effect of Gasoline Tax with Rebate Assume -Income = $9,000 - Price of gasoline = $1
compare and contrast adam smith''s theory of absolute advantage theory and david ricardo''s comparative advantage theory of international trade.
1. Cost minimizing firms must be profit maximizing as well. False, why??
On what kind of income is our taxing system based?
Interest rate sensitivity can also be understood from another perspective. The total cost of a commodity is not just its price, but also what must be paid to borrow money to purch
Supply of Basic Industrial Inputs: Allowing their duty-free imports by exporters would require an elaborate machinery of customs and import licensing to ensure that the impor
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