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Evaluate the following statement in no more than 300 words: “Infant-industry protection can be justified on the basis of the existence of learning-by-doing.” (5 marks)
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- Evaluate the following statement in no more than 300 words: “Infant-industry protection can be justified on the basis of the existence of learning-by-doing.”Import Quotas. Please fill in the graph showing the 5 things to the right of it please with labels on it and the 2 questions at the bottom. Thank you! Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Quotas are better than tariffs because they lead to 'quality upgrading' which is good for the domestic consumer. Group of answer choices True False
- If Bolivia is open to international trade in maize without any restrictions, it will import tons of maize. Suppose the Bolivian government wants to reduce imports to exactly 120 tons of maize to help domestic producers. A tariff of per ton will achieve this. A tariff set at this level would raise in revenue for the Bolivian government. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Nontariff barriers lower prices of both imports and import-competing goods Group of answer choices True FalseA variable levy exists when a country A. removes expected tariffs based on supply and demand for a good or service. B. allows one importer to pay a lower tariff than another importer for the same type of goods or services. C. guarantees that the market price of an import will be the same as that of domestically produced goods. D. creates a tariff that requires a percentage of the entire invoice value be paid on imports.
- State A is a landlocked State neighbouring two coastal States: the Republic of B and the Kingdom of C. The three States have ratified the 1982 United Nations Convention on the Law of the Sea. On 15 December 2015, seventeen nationals of State A were arrested by the authorities of State B while fishing in the exclusive economic zone (EEZ) of the coastal State, without permission. The arresting authorities claimed that the vessel used by the State A nationals in their illegal fishing polluted the area through excessive discharge of oil caused by a defect in the vessel. While the State A nationals were released and returned home, their vessel was detained by State B’s authorities.Can landlocked State A’s nationals fish in the exclusive economic zone of the state B? Define the other state’s rights on exclusive economic zone brieflyIdentify the relevant economic concept which can be matched to each of the descriptions below. 1 A measure used to control the physical level of imports allowed into a country.2 Aggregate income of all permanent residents of a country.3 A situation where merchandise exports are greater than merchandise imports.The increase in prices resulting from the levy of import duty usually reduces the consumption capacity of thepeople. True False
- Which of these is a limitation of the infant industry argument?What are some of the “controllable aspects” of a new market that the exporter may have control over? What are some of the standards and requirements a Canadian importer must consider to ensure goods are suitable for the domestic market? What three governments will have an interest in an international transaction?Selling products abroad at lower prices than the prices charged in domestic markets often results in charges of dumping. True False