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

Effects of the reunification of eastern and western germany, Q. Discuss the...

Q. Discuss the effects of the reunification of eastern and western Germany in 1990 on both Germany and its neighboring European countries. Answer: Germany rumbles high interest

Getting the Benefits from Technological Progress, What is the significance ...

What is the significance of the observations made by OECD in this case study regarding “The OECD economies are more strongly dependent on the production, distribution and use of kn

What are predictions for the long run of monetary approach, What are the pr...

What are the predictions for the long run of the Monetary Approach? Answer:     Money supplies- Known the equations

Neo - classical models explanation of the determinants, Q. If a scale econ...

Q. If a scale economy is the dominant technological factor establishing or defining comparative advantage, then the underlying facts explaining why a particular country dominates

reciprocal demand and offer curve, what do you understand by (reciprocal d...

what do you understand by (reciprocal demand)offer curve

Nationalization of the YPF, I need a research essay about the effects socia...

I need a research essay about the effects socially and economically of nationalization of the YPF with 8 pages. How much it costs?

International Economics, Brifly explaine the alternative explanation to the...

Brifly explaine the alternative explanation to the theory of international trade

Double factors terms of trade, Calculate the doublefactoral terms of trade ...

Calculate the doublefactoral terms of trade (TD), formulated by Jacob Viner based on following information: Suppose in the base year of 2015, Px= 100, Pm= 100, Zx= 100, Zm= 100and

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