Cars imported into the United States must have certain safety features to be allowed on highways and roads. Which of the following trade barriers does this situation describe? A. quota B. embargo C. standards D. tariff

Q: List five (5) arguments often given to support trade restrictions.  How do economists respond to…

A: Trade restrictions are restrictions imposed on trade for domestic country’s growth and security.…

Q: Why do governments impose tariffs?

A: Meaning of Tariffs and Quotas: The term tariff refers to the situation under which when any goods…

Q: Under what conditions would you advocate for trade restrictions?

A: Under what conditions would you advocate for trade restrictions? Countries use numerous strategies…

Q: Why would an importing country use a tariff rather than a quota?

A: Tariff is a tax that is imposed on the goods that are produced outside the country and sold…

Q: Can you answer this please? Explain the concept of a trade embargo and its effect on the country…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: How does an import quota restrict trade?

A: Trade is the exchange of goods for payment from sellers to buyers. Trade can be domestic or…

Q: Explain the three options for setting standards in trade rules

A: Trade: It refers to the exchange of goods and services in the economy. The more trade between the…

Q: What is the purpose of trade barriers? Kindly discuss it comprehensively

A: Trade barriers are the restriction on  the flow of goods and services across borders .

Q: Limits on the quantity or total value of specific products imported into a nation are a) export…

A: The quota is imposed by a government that restricts the quantity of a commodity that a country can…

Q: Match the trade barrier with the example US places a tax on imported frozen chicken Japanese trade…

A: Trade barriers restrict the trade between countries. They are not efficient as free trade is always…

Q: What are tariffs? Why do governments impose tariffs on imported goods?

A: Tariffs are considered as government policy and it is used when an economy is an open economy.

Q: A) the world price is much greater than the country's opportunity cost for the good

A: The opportunity cost of producing a good refers to the units of output of other goods that must be…

Q: . Explain the concept of a trade embargo and its effect on the country where the embargo has been…

A: The economies around the world tend to get involved in the international trade with each other. The…

Q: A trade expert compares the modern tariffs to the Depression-era Smoot-Hawley tariffs. He says “The…

A: The different tariffs imposed by America's trading partners in retribution were one of the major…

Q: Critically discuss the economic rationales for Governments to intervene in international trade which…

A: INTERNATIONAL TRADE Disparities in technology, differences in resource endowments, differences in…

Q: A tariff is A. a tax imposed on imports. B. any non-subsidy used to increase trade. C. any non-tax…

A: Trade restrictive policy refers to the policies that place restrictions on the free trade, i.e…

Q: Discuss this statement: "Free traders win the economic arguments, but protectionists (those who…

A: Free trade is generally a win-win situation for everyone and all the participants are better-off…

Q: Country A is increasing tariffs on steel imports to protect country A's local steel industries. How…

A: Exchange strategy is the arrangement of arrangements, guidelines, and practices by an administration…

Q: What are the different methods of economic protectionism?

A: When countries try to stop or limit the flow of goods into their borders, they engage in…

Q: What are the difference of Tariff and non-tariff restrictions?

A: Tariff restrictions are the tax restrictions and non-tariff restrictions are the non-tax…

Q: The United States uses government regulations, such as tariffs, embargoes, and import quotas, to…

A: Meaning of Tariffs and Quotas: The term tariff refers to the situation under which when any goods…

Q: What are the trade barriers/frictions (natural, man-made)

A: Trade barriers affects the volume of international trade of each country with the others. .It…

Q: Union, Asian PacifiC Rim, anod the rest of the world. The rest of the world are those countries that…

A: Economic integration is a mechanism in which two or more states in a wide geographic region…

Q: Which of the following would be a reason China would place a tariff on Canadian lumber? A. China is…

A: Imposing a tariff on an import is a protectionist policy, an economy can do so to discourage import…

Q: Explain the winners and losers of trade barriers. You can be specific to a particular trade barrier…

A: Trade barriers refers to the restriction implied by the authorities of a country in order to control…

Q: Question 1: Why are some people (or countries) more protectionist than others? Please use the trade…

A: Protestantism as a religion supports trade restrictions. In order to encourage domestic producers of…

Q: 1. Andorra is a small country, incapable of affecting world prices. It imports peanuts at the world…

A: At equilibrium; D = S               400 – 10 P = -20 + 5 P                              P = 28…

Q: Barriers to Trade Scenario: Identify and explain who will make and lose money from this tariff.

A: Tariff  A tariff refers to the tax which is imposed by the domestic government on the Importation of…

Q: Explain how and why the GATT was created and what its historical role in international trade is.

A: GATT is set of multilateral trade agreements aimed at the abolition of quotas and the reduction of…

Q: a.Evaluate the reasons we see the prevalence of intra-industry trade between similar economies.

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: What are the benefits and costs of import tariffs?

A: Benefits of import tariffs :  It is one of the best source of government revenue.  Tariffs are a…

Q: In 2009, US imposed a tariff of 35% on radial car tires imported from China. The winners from this…

A:

Q: What is the difference between tariffs and quotas? What are the benefits of reducing barriers to…

A: A tariff is a levy levied on imports and exports of products by the government of a country or…

Q: Evaluate this statement: "If a country bans an import, smuggling is inevitable. We should welcome…

A: Import:Import is a trade practice in which a country buys or purchases goods and services from other…

Q: Workers in industries protected by tariffs and quotas are likely to support these trade restrictions…

A: As per Job argument, tariff is beneficial since it prevents job loss in domestic import-competing…

Q: international trade.

A: Trade restrictions are restrictions imposed on trade for domestic country’s growth and security.…

Protective Tariffs

A tariff is a kind of tax that is charged on exported and imported items. It means tariff is charged on both kinds of goods i.e., exported and imported. However, some goods may be exempted from this kind of tariff. Protective Tariffs refer to the charges which a country charged on imported goods to protect its domestic market. It also protects countries Industrialists in their Production. So, that their markets remain intact and do not get dumped by outside supply.