Discuss actions governments can use to restrict free trade

Assignment Help Microeconomics
Reference no: EM13242764

Explain why free trade between countries without government restrictions is desirable for the consumer. Discuss actions governments can use to restrict free trade; give at least two specific examples and explain the advantages and disadvantages of government restriction on free trade in each situation.

Reference no: EM13242764

Questions Cloud

Compute the maximum electrical work generated : A particular voltaic cell operates on the reaction below, giving an emf of 0.865 V. Calculate the maximum electrical work generated when 20.0 g of zinc metal is consumed. Zn(s) + CI2(g) ? Zn2+(aq) + 2 Cl ?(aq)
What is the magnitude of the field : After being accelerated through a potential difference of 5.42 kV, a singly charged carbon ion (12C) moves in a circle of radius 20.8 cm in the magnetic field of a mass spectrometer. What is the magnitude of the field
Define what is the mass in grams : What is the mass in grams for each of the following: a) 5.12 mol of Al, b) .75 mol of Cu, c) 3.52 mol of MgBr2, d) 0.145l of C2H6O, e) 2.08 mol of (NH4)2SO4.
Why did americans move in 1775-1776-rights of englishmen : How and why did Americans move in 1775-1776 from fighting only for “the rights of Englishmen” within the British Empire to declaring their independence?
Discuss actions governments can use to restrict free trade : Discuss actions governments can use to restrict free trade; give at least two specific examples and explain the advantages and disadvantages of government restriction on free trade in each situation.
Explain the balanced chemical equation describing : 1In a hydrogen fuel cell, hydrogen gas and oxygen gas are combined to form water. Write the balanced chemical equation describing this reaction (using lowest whole-number coefficients).
What is the balls velocity : What is the ball's velocity just after leaving the bat if the bat applies an impulse of ?8.4N?s to the baseball
Evaluate the extent to which the price ceiling achieves : 1) Give one example of a price floor and one example of a price ceiling. 2) State the purpose of these legal prices and assess their impacts on the market. 3) Evaluate the extent to which the price floor achieves its purpose. 4) Evaluate the extent t..
Define the molar mass of the kh2po4 : What is the molar mass of the following: a) O2, b) KH2PO4, c) Fe(ClO4)3, d) C4H8O4, e)Ga2(CO3)3, f) KBrO4. Please use significant figures.

Reviews

Write a Review

Microeconomics Questions & Answers

  Improve the precision of the performance measure

The Principal can invest in monitoring to improve the precision of the performance measure,according to the monitoring technology

  Arc-approximation formula

Use arc-approximation formula to compute the price-elasticity of demand coefficient of the firm's product demand between the (quantity, price) points of (100, $20) and (300, $10).

  Demand curve affect the firm’s price?

A monopolist faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day.Assume that the firm faces no fixed cost.

  Limited advertising and massive advertising

How might prohibitions on advertising affect the cigarette industry in the short run, and in the long run using a Prisoner's Dilemma sort of argument.

  Discuss the effect of an increase in the tax rate

Discuss the effect (increase or decrease) of an increase in the tax rate, t, on the equilibrium income Y* using the effect of increasing t on the equilibrium solution.

  Calculate the appropriate value to use for income

Calculate the appropriate value to use for income in your analysis. Explain why you choose to use that level of income and what is the dead weight loss associated with monopoly

  What learned theories of international trade does

If a poor country invented a brand new product and marketed and exported to other poor countries. What learned theories of international trade does this occurrence contradict

  Identifying effective novel reward behaviors

Discuss and explain how coaching rather than managing people can enhance a leader's understanding of RQ and therefore provide a better understanding of their followers.

  Give the economic intuition of the results on consumption

the price level and the money supply over the business cycle both in terms of correlation, magnitude and lead vs lag. Give the economic intuition of the results on consumption, investment, productivity, wages and price levels.

  Describe a skimming price and a penetration price

Jessica Alba, a famous actress, starts the baby and family products business, The Honest Company, with Christopher Gavigan. Alba and Gavigan set up their site so that families could choose what kinds of non-toxic, all natural products they'd like ..

  Explain what is meant by diminishing returns

Explain what is meant by diminishing returns. From these costs curves explain when diminishing return sets in? Why and explain the relationship between ATC, AVC and AFC.

  Draw a budget constraint and an indifference curve

Draw a budget constraint and an indifference curve for an individual who works in period one and is retired (earns no income) in period two. He consumes some of his income in period 1 and saves the rest of his income for period 2.

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