Welfare effects of tariff, International Economics

Assignment Help:

Welfare Effects of Tariff can be understood as follows:

It is important to understand what the welfare effects for the tariff are. While a tariff might seem desirable because it generates revenue, and might help in protecting domestic producers, it can often leave the domestic consumers quite worse off. This is because domestic producers only have to compete with the higher price of the imported goods, not with the actual price of those goods are being produced at. Thus the domestic consumers in a way are forced to consume the goods produced by less the efficient domestic producers.

 

 


Related Discussions:- Welfare effects of tariff

International trade for ideological reasons, Q. Albania refused to engage ...

Q. Albania refused to engage in international trade for ideological reasons. To maximize its economic welfare it could choose to produce at which point in the diagram above? Sup

Which product is the labor intensive, Q. Use the diagram below taken from ...

Q. Use the diagram below taken from Figure 4-4 to identify the pre-trade situation for Australia and Sri-Lanka. Where on the K/L axis will you search each of the two countries? W

Gravity model of trade, I need to use the gravity model to analyse the eff...

I need to use the gravity model to analyse the effects of the euro on tradeflows. is this something u can do?

Economic growth, roles of international trade in economic growth of the cou...

roles of international trade in economic growth of the country

TRIPs, Describe the important benefits enjoyed by Indian companies through ...

Describe the important benefits enjoyed by Indian companies through TRIPs. Elaborate the main objectives of WTO in global economy.

How and why did europe set up its single currency, Q. How and why d...

Q. How and why did Europe set up its single currency? Answer: The why part of the question is associated to large fluctuations in the exchange rates between the Europe

Concept of comparative advantage, The Concept of Comparative Advantage is e...

The Concept of Comparative Advantage is explained below: To illustrate the concept of the comparative advantage, we take the instance of two equi-sized equi-endowment countries

Types of transactions between the residents of countries, Q. What a...

Q. What are the three types of transactions between the residents of different countries? Answer: 1. Trades of services and goods for goods or services. 2

Compare and contrast economic regions, Compare and contrast China's newest ...

Compare and contrast China's newest economic regions: the Special Economic Zones (SEZs), Open Cities, and Open Coastal Areas. What is the purpose of each regional type? Show how e

Write Your Message!

Captcha
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