Assume the united states increases the tariff

Assignment Help Macroeconomics
Reference no: EM1335812

Tariff on automobiles

Suppose the United States increases the tariff on automobiles imported from Germany (and other foreign countries). What is the effect of this tariff-rate increase on

a) the price of automobiles in the United States;

b) the total number of cars sold in the U.S. during the year;

c) the number of cars produced by and employment in the German automobile industry;

d) production by and employment in the U.S. automobile industry;

e) German income obtained by selling cars in the U.S;

f) the German demand for goods produced in the U.S;

g) the production of and employment in those U.S. industries that now export goods to Germany;

h) the allocation of resources in the U.S. economy; and

i) the allocation of the world's resources?

 

Reference no: EM1335812

Questions Cloud

Elucidate measures the fed should take to reduce : Elucidate measures the fed should take to reduce the unemployment rate and expand the economy.
Payroll specialist in the accounting profession : Benefits of the certified payroll professional certification for payroll specialist in the accounting profession.
Prevention programs dealing with gangs : Locate 4-5 prevention programs that deal with gangs. Create a resource guide by completing the prevention program in Appendix F.
Benefits and challenges of working in teams : What are the benefits and challenges of working in teams and Examine how does teams enhance their performance
Assume the united states increases the tariff : Assume the United States increases the tariff on automobiles imported from Germany (and other foreign countries). What is the effect of this tariff-rate increase.
Effort needed for the six levels of quality : Compare the effort needed for the six levels of quality of an automobile to a toothbrush OR SOME OTHER SIMPLE ITEM. You can choose running shoes, ink pen, sun glasses, or any relatively simple product.
Plan the diagram using visio or word : You would develop the entity relationship diagram (ERD) for your project database based on the initial data requirements.
The history of verizon and comcast : Outlines the history of Verizon and Comcast from inception to today.
Manufacturing quality dimensions to improve revenue : Which of the 4 manufacturing quality dimensions are most likely to improve revenue?

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  What would be the effects on employment and unemployment

What would be the effects on employment and unemployment given the actions taken by the Fed.

  Elucidate the price elasticity of demand

If the price set is the profit-maximizing price, elucidate the price elasticity of demand for calculators faced by the plant.

  Marginal product of labour and capital

A firm is using 20 units of labour and 30 units of capital to produce 4,000 units of output. At this combination the marginal product of labour is 50 and the marginal product of capital is 40.

  Explain if you are traveling to europe in six months

Explain if you are traveling to Europe in six months and you believe the Euro is going to appreciate against the American dollar, list two ways you could hedge this situation and protect yourself against the appreciation.

  Elucidate what are some economic conditions

Elucidate what are some economic conditions that affect the cost of money

  Price elasticity of demand for two products-marginal cost

Given the price elasticity of demand for two products & marginal cost, determine the optimal markups and prices under third-degree price discrimination.

  Equilibrium level of output and local bookstore sales

Derive the book supply curve where price is expressed as a function of output. Calculate the equilibrium level of output and local bookstore sales revenue.

  Compute the expected utility of each project

Compute the expected utility of each project and identify the preferred project according to this criterion.

  Illustrtae what does this experience suggest

Illustrtae what does this experience suggest about the determinates of health care costs, and the long-run scope for private health insurance even with subsidy and compulsion.

  Explain principles of microeconomics apply to other country

Explain the principles of microeconomics apply to other country. Describe any differences or special situations.

  Calculate the cash flows at the end of each trading day

Calculate the cash flows at the end of each trading day and compute your total profit or loss at the end of the trading period.

  Describe how three different global funds have used

Describe how three different global funds have used the concept of international portfolio diversification to successfully invest.

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