User Account

All Pages

Why are trade barriers so low

Assignment Help Microeconomics
Reference no: EM131100112

The article, "Why Are Trade Barriers So Low?," contests the recent political economy literature, which suggests tariff rates should be high, by pointing out that tariffs are relatively low in developed countries.

Summarize each of the article's six explanations for the disparity between theory and reality. Next, choose one of the six explanations you believe to be the most compelling reason for the current relatively low tariffs and provide argument and evidence to support your choice.

Your paper should be 4-6 pages in length, not including the title or reference pages, and conform to APA Requirements.

Reference no: EM131100112

Questions Cloud

How failures change customer perceptions of risk : Airline industry, its size, importance, negative impacts of airline crashes as failures for both customers and organisations (one to two paragraphs) Define risk, Types of risk, but what is your focus? How failures change customer perceptions of ris..
How might the reorganization of trade affect the imports : How might this reorganization of trade affect the imports of other smaller, economically developing countries? Is it in the global economy's best interest to allow more competition or equalize a drop in China's export production?
Find the angle of shear q shown : If the force of 25 N is distributed over an area of 15 cm2, find the angle of shear q shown, given that the shear modulus of the sole is 1.9 x 105 N/m2.
Perfectly competitive industry : Is the following statement true or false? Explain why. In long run equilibrium, if firms in a perfectly competitive industry are earning positive profits, the industry is not in long run equilibrium.
Why are trade barriers so low : The article, "Why Are Trade Barriers So Low?," contests the recent political economy literature, which suggests tariff rates should be high, by pointing out that tariffs are relatively low in developed countries.
Specific actions made them so successful : Was Google's success (via Larry and Sergey) mostly due to tremendous luck? Which specific actions made them so successful? Justify your statements.
Impacts of increasing worldwide risks : What are the impacts of increasing worldwide risks on supply management and the need to work closely with other functions and suppliers? why?
Juan foods pays off a long-term debt : Juan Foods pays off a long-term debt in full. Which one of the following statements best describes the appropriate book-keeping for this transaction?
Brief biographical sketch that includes your birthplace : A detailed description of the role of music in your life. This may include early childhood exposure to music, various styles that have influenced your cultural identity, present listening tastes, and the various contexts in which you listen active..

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd