Government policies to increase expending on domestic items

Assignment Help Microeconomics
Reference no: EM1375639

Deep global recession might trigger changes in expending from imported items to domestically manufactured items. What are at least two policies that governments might implement to encourage expending on domestic items and to discourage international trade? If these policies are implemented, what are some of the potential implications? Would this be a good step for our government to take?

Reference no: EM1375639

Questions Cloud

Question about trade liberalization : Environmentalists discuss that trade liberalization harmful for the environment. The decisions of World Trade Organization in particular have been subject of much criticism.
What is the overall accuracy of the test : A screening test for a newly discovered disease is being evaluated. In order to determine the effectiveness of the new test, it was administered to 900 workers; 150 of the individuals diagnosed with the disease tested positive.
Case - cost strcture and pricing : Run the appropriate regression to estimate the average variable cost function for Sting Rays and evaluate the statistical significance of the three estimated parameters using a significance level of 5 percent. Be sure to comment on the algebraic s..
Careers in foreign exchange and trade : The rate of our imports and exports has nearly quadrupled during past decade alone. Firms today are hiring, investing, buying, selling, increasing capital overseas among other things
Government policies to increase expending on domestic items : Deep global recession might trigger changes in expending from imported items to domestically manufactured items. What are at least two policies that governments might implement to increase expending on domestic items.
Stabilize the price of gasoline by fund : To prevent gasoline values from having devastating effects on economy it has been proposed that all gasoline values in U.S. be fixed at the average value for the past 2-years.
Determine the pretrade values of price and quantity : A new item that is manufactured and consumed only in United States and France is about to be launched. In the United States, the following demand and supply curves are appropriate,
Healthcare planning and marketing course : A business plan will be used to establish home health services to augment their existing income, improve/maintain their outcomes - BUS 5658 Healthcare Planning And Marketing Course
Question about national security : Choose any 2-of the 4-basic strategies used to preserve security and identify and explain what assumptions are created about the opponent based each of the two strategies that you select.

Reviews

Write a Review

Microeconomics Questions & Answers

  Concepts of opportunity cost and substitution effect

Assume that the following table describes prices, incomes, and per person lobster consumption in three United States cities.

  Consider the model of corruption

Political Economy GV307 : Consider the model of “no theft” where the consumer pays the official government price plus a bribe in order to obtain X. Assume that the official marginal revenue for selling the  good in this context is given.

  Deriving the supply curve

Consider the relationship given by QCars = 100 + 4xPCars - 2xPSteel - 0.2xPWorkers, where QCars is the quantity of cars (in thousands), PCars is the price of cars and PWorkers is the wage earned by autoworkers.

  Determine elasticity of the demand

Suppose you are starting your own Internet business. You make a decision to form a company that will sell cookbooks online. You estimate that the yearly cost of this business will be given as follows:

  Discuss the direction of change

Name some areas of business in the United States where the prevailing market structures have changed dramatically in last 20-years and discuss the direction of change

  What is the shutdown point

What is the shutdown point? Give an example. How is the short-run defined in the production process? Please provide references if applicable.

  Determining monoply market structure

The water company is privately owned and is the only water company in town. It is licensed and franchised by city for a 10 - year term, just renewed.

  Types of incentives for providers

What are some the kinds of incentives for providers for efficiency in delivery of healthcare services. Describe who bears the financial risk, the provider, the patient, or the managed care organization?

  Determine ethical issue is at stake

Cubby Company entered into a lease contract for ten photocopy machines for its corporate headquarters. The lease contract qualifies as an operating lease in all terms except there is a bargain buy option.

  Determine profit maximizing output level

Suppose you are the CEO of ClipIt, a paper clip producer. Your firm enjoys a patented technology that allows it to make paper clips faster and at a lower cost than your only rival, FastenIt.

  One resource production possibility frontier

Assume that a simple society has economy with only one resource, labor. Labor can be employed to produce only two commodities- X, a necessity good (food) and Y, a luxury good ( music and entertainment). Assume the economy produced at a point inside..

  Main factors which affecting current price of gasoline

Discuss the main factors (supply and demand) affecting the current price of gasoline. Include at least two supply and two demand.

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