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- What is voluntary export restraint and when is it imposed? What are the benefits of VER? How can it affect the exporting country? How will it affect the country being exported?1.Numerical quotas on immigration from Mexico were first imposed During the Colonial period. In the 1920s In the 1870s In the 1970s.Suppose country A and B have a labour force of 1 and produce hops and barley using only labour. Country A's unit labour cost are 0.5 for hops and 0.5 for barley, country B's 0.2 for hops and 0.4 for barley. Suppose that both are needed to brew beer in equal quantitiy, so that both national and international demand has the property that equal amounts of barley and hops are demanded. How much more beer (as a percentage) will be brewed under international trade than in autarky? Please enter the percentage rounded to a whole number (up or down is both acceptable) without the percentage sign.
- Partial equilibrium effects of import quota: large country Can you show that with the graph? Answer correct and explain within 40mins will give you positive feedback.Unions in developed nations often oppose imports from low-wage countries and advocate trade barriers to protect jobs from what they often characterize as “unfair” import competition. Is such competition unfair? Do you think that this argument is in the best interest of:(a) the unions, (b) the people they represent, and/or (c) the country as a whole?can you reword this paragraph? Voluntary export restraint (VER) is really a restriction upon on quantity of goods which an exporting nation can export to another country. VER is self-imposed on the exporting country. As for Ghana, this country is importing food, which is an agriculturally inclined country. This means that there is something lacking with the agriculture sector if Ghana is not even able to meet the needs of its citizens’ demand. Voluntary export restraint (VER) is a type of non-tariff barriers to trade. It could be the outcome of requests made by the importing country to provide a measure of protection for its domestic businesses producing competing goods. And this is what the government of Ghana has done. VER also would temporarily increase jobs for domestic workers in the agricultural sector. Protection from VER encourages domestic producers to recruit locally. Security from foreign exchange decreases productivity in the long run. Without competition, it is not…
- No written by hand solution Which of the following is among the ways a quota can be rationed by a government? A. Government gives the quota licenses free to domestic importers/producers. B. Voluntary Export Restraint - the government gives the quota licenses for free to foreigners. C. All of the answers are possible ways quotas can be rationed D. Government auctions the quota licenses.Using demand and supply, illustrate the effects of a quota imposed by the Ghanaiangovernment on Cote d’Ivoire cocoa. Show the Cote d’Ivoire cocoamarket and the Ghanaiancocoamarket.Unions in developed nations often oppose imports from low- wage countries and advocate trade barriers to protect jobs from what they often characterize as “unfair” import competition. Is such competition “unfair”? Do you think that this argument is in the best interests of (a) the unions, (b) the people they represent, and/or (c) the country as a whole?
- Suppose that a “pro-trade” government decides to subsidize the export of steel by paying $10 for each ton sold abroad. With this export subsidy, the price paid by domestic consumers is$____per ton, and the price received by domestic producers is$____per ton. The quantity of steel consumed by domestic consumers (DECREASE, REMAINS UNCHANGED, INCREASE) , the quantity of steel produced by domestic producers (DECREASE, REMAINS UNCHANGED, INCREASE) , and the quantity of steel exported . (DECREASE, REMAINS UNCHANGED, INCREASE) , Under the export subsidy, consumer surplus is$________and producer surplus is$________. Government revenue (DECREASE OR INCREASE) by$____. As a result, total surplus (DECREASE , REMAINS UNCHANGED OR INCREASED) True or False: With the export subsidy, domestic producers will not sell any steel to domestic consumers.How might immigration impact the market for labor in the host country? how does it affects the supply of labor, the demand for labor, and equilibrium wages in the host country?Why are so many state and local governments greatly concerned about the Federal government’s allegedly lax enforcement of the immigration laws and congressional proposals to grant legal status (amnesty) to the 12 million illegal immigrants in the United States? How might an amnesty program affect the flflow of future border crossings?