The role of a quota is to limit the amount of imports

Assignment Help Microeconomics
Reference no: EM13685476

The role of a quota is to limit the amount of imports that are being brought into a country. Why do you think the US might not want to utilize a quota over a tariff? In less than 500 words

Reference no: EM13685476

Questions Cloud

Tax transfer policy affect aggregate demand at current price : Presume the government decides to increase taxes by $20 billion to increase Social Security benefits by the same amount. How will this combined tax transfer policy affect aggregate demand at current prices?
Society that reduces military good and customer goods : Imagine a society that reduces military good and customer goods, which we will call “butter” and “guns”. Draw a production possibilities frontier for butter and guns. Using the concept of opportunity cost, describe why it most likely has a bowed-out-..
Influence more production within the domestic economy : The challenge that each country is facing is to ensure that trading is going to influence more production within the domestic economy. In the US, we have a trade deficit, which means that we import more than we export. How do you think the US economy..
The key to this discussion is marginal utility : The key to this discussion is marginal utility. How much marginal utility do you obtain from an additional newspaper versus how much marginal utility do you get from another snack? The key to this discussion is marginal utility. How much marginal uti..
The role of a quota is to limit the amount of imports : The role of a quota is to limit the amount of imports that are being brought into a country. Why do you think the US might not want to utilize a quota over a tariff?
Classified as protectionist policies : When looking at a tariff and a quota, you will find that these are classified as protectionist policies. Which one do you think the US must consider given the higher trade deficit?
Find what fractional increase in the tension : Two identical piano wires have a fundamental frequency of 699 Hertz when kept under the same tension. Find what fractional increase in the tension of one wire
Government requires getting involved to make markets : When looking at our economy, you will find that the government requires getting involved to make markets be able to operate. Why do you think markets could actually fail?
Has the fed saved us from another great depression : Has the Fed saved us from another Great Depression? Since the recession of 2007, the U. S. Federal Reserve has increased bank reserves and brought the federal funds rate (interest rate charged by banks on interbank loans) down to 0.25 %.

Reviews

Write a Review

Microeconomics Questions & Answers

  Kinds of unemployment is the hardest to reduce

Which of the following kinds of unemployment is the hardest to reduce?

  Estimate the advantages and disadvantages of both

evaluate the advantages and disadvantages of both symmetrical and master-slave multiprocessing systems in

  What determines who pays larger fraction of tax sellers or

the following claim is often made with respect to per unit taxes imposed on some good or service the producers will

  What are some costs of unemployment

What are some costs of unemployment

  Why are trade agreements significant for various countries

why are trade agreements important for the various countries involved? how is international trade related to the u.s.

  Find profit-maximizing price and quantity if seller sells

the individual demand for a slice of pizza is given by qd 6 - p. assume the marginal cost of a slice of pizza is

  Who has a comparative advantage in producing wine

Who has a comparative advantage in producing wine and who has a comparative advantage in producing schnitzel?

  Explain the impact of that ability to create money on

discuss the impact of that ability to create money on the economy during an inflationary gap and during a recessionary

  Analyze the risks involved in the foreign-exchange market

Analyze the risks involved in the foreign-exchange market and create a list of best practices that almost any organization conducting international business would find valuable.

  Why would banks tend to lend more in booms

Why would banks tend to lend more in booms and less in downturns and what do these proposals mean for the RBA's policy of targeting inflation?

  Should it stay in the industry or exit in the long run

A profit-maximizing business incurs an economic loss of $10,000 per year. Its fixed cost is $15,000 per year. Should it produce or shut down in the short run? Should it stay in the industry or exit in the long run?

  Why does the economy fall to pieces after a financial crisis

Why Does the Economy Fall to Pieces after a Financial Crisis - Prepare a powerpoint presentation talking about the document and also prepare an essay paper summarazing the article.

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