Who was the primary loser from this tariff

Assignment Help Business Economics
Reference no: EM131110114

In 2009, the United States imposed a tariff of 35% on radial car tire imports from China. The tariff caused imports of these tires to drop from 13 million tires to less than 6 million tires in one quarter, and the average price of these tires to increase by $8 per tire. Who was the primary loser from this tariff?

Reference no: EM131110114

Questions Cloud

Practice first-degree price discrimination : A firm selling in two markets is practicing price discrimination. To successfully practice price discrimination. If it could practice first-degree price discrimination, a firm with market power could earn
What is the theoretical basis for the accounting : What expenses related to this lease will Evans incur during the first year of the lease, and how will they be determined?
Price index uses the old quantities for the weights : The Laspeyres price index uses the old quantities for the weights. In the base year, good 1 cost $2 and good 2 cost $1. The current price of good 1 is $7 and the current price of good 2 is $2. In the base year, the consumption bundle was (x1b,x2b) = ..
Pick product for one of the three distribution strategies : Pick a product for one of the three distribution strategies (intensive, selective, or exclusive). Note your product and the distribution strategy, and then discuss why you feel the distribution strategy is most appropriate for that product based on t..
Who was the primary loser from this tariff : In 2009, the United States imposed a tariff of 35% on radial car tire imports from China. The tariff caused imports of these tires to drop from 13 million tires to less than 6 million tires in one quarter, and the average price of these tires to incr..
What was the inflation rate for this economy : The price of beer rose by 6%, the price of pizza rose by 2.7% and the price of chocolate did not rise at all. Also, suppose that beer presents 8 percent of the economy and pizza represent 31 percent. Chocolate is the rest of the economy. What was the..
How should a less or measure its initial gross investment : How should a less or measure its initial gross investment in either a sales-type lease or a direct-financing lease?
Inflation free rate-inflation rate-inflation free rate : An automobile is purchased in 2016 with $25,000, which is supposed to bring $5,000/year to buyer for the next 5 year. Salvage value of this product is $3,000 at the end of five years useful life.  Why in case of BTCF: Market rate = (Inflation free ra..
Direct investment-national debt-exchange rates : Minimum areas to discuss includes: the GDP, GDP by Sector, GDP per capita, employment by sector, major industries, unemployment, labor force by age, education, governmental structure and money system, trade, foreign direct investment, national debt, ..

Reviews

Write a Review

Business Economics Questions & Answers

  Null and alternative versions of the research hypothesis

Most individuals are aware of the fact that the average annual repair cost for an automobile depends on the age of the automobile. A researcher is interested in finding out whether the variance of the annual repair costs also increases with the age o..

  What causes macroeconomic instability of market capitalism

Is market capitalism necessary for freedom? Explain why or why not. Are market economies necessarily “capitalist” and are command economies necessarily “socialist”? Why or why not? What causes macroeconomic instability of market capitalism? Explain.

  What is the current share price of the stock

DBP Inc. just paid a dividend of $0.50. The expected growth rate of dividend is 3 percent. The required return for investors in the first three years is 12 percent and 10 percent for the following three years. After those six years the required retur..

  Most likely to result in the most costs savings

From the items below that will no longer be needed, which one is most likely to result in the most costs savings?

  Why are firms are attracted to foreign markets

Why are firms are attracted to foreign markets, for example, to increase profits and revenues and to gain access to cheaper manufacturing. How may this affect the domestic country of the firm?

  Explain why money multiplier differs from simple deposit

If, in addition, currency deposit ratio(c) is 0.05 and excess reserve ratio (e) is 0.15, what is money multiplier. Explain why money multiplier differs from simple deposit multiplier.

  Is this due to taxes or is it more fundamental

Y at PPP is only 0.05. It is well-known that investment rate dierenHSL39502.bmpe when measured at a common set of prices while very small when measured at domestic prices.

  Illustrate limitations of the national income accounts

Illustrate what are some of the limitations of the national income accounts in how they represent our standard of living.

  Assuming that prices are set competitively

Assuming that prices are set competitively (i.e. set equal to MC of producing services), show in a supply-demand graph how we could measure the “efficiency loss” (or deadweight loss) associated with health care over-consumption.

  Fixed assets are required to support this growth in sales

Alter Bridge Mfg., Inc., is currently operating at only 92 percent of fixed asset capacity. Current sales are $640,000. Fixed assets are $490,000 and sales are projected to grow to $730,000. How much in new fixed assets are required to support this g..

  Solving arithmetic gradient problem with gradient decreasing

In solving an arithmetic gradient problem with the gradient decreasing, which is true? Use the highest amount as the base. Calculate uniform series with that base amount, and then subtract the calculated gradient (wedge).

  Decrease the value of yuan and increase its trade surplus

During 2007, the United States and Japan announced possible limits on Chinese imports through higher tariff rates on Chinese products. To avoid these limits, China would have to: decrease the value of the yuan and increase its trade surplus

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