Namibia import most of its goods, and to encourage local production it can levy a tariff on imports. Discuss the effects of a tariff on an importing country such as Namibia.

Q: Graph and analyze the effect of import Tariff in importing country

A: Implementation of tariff results in the creation of dead weight loss.

Q: Why is tariff preferred to quota if protectionist policies are unavoidable. Critically evaluate.

A: The duty imposed on importation and exportation within independent nations is a tariff. It is a…

Q: What is a tariff? A tax imposed on exported products that lowers the domestic price below the world…

A: Correct : D. A tax imposed on imported products that raises the domestic price above the world…

Q: he imposition of an import tariff by a small nation: (Explain the right answer as well as the wrong…

A: A tax which is being imposed by a government on imports or exports of goods of a supranational union…

Q: A numerical limit imposed by a government on the quantity of a good that can be imported into the…

A: Government impose various methods to reduce Import of various goods which will affect the demand for…

Q: Under free trade, the quantity of smartphones produced by local producers in Country A is 3563 per…

A: Since you have asked multiple question, we will solve the first question for you. If you  want any…

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: Explain why a quota may result in lower total surplus in the home country than a tariff, even if…

A: A tariff is a percentage of the product's worth that the importer is required to pay. A quota is a…

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: Under free trade, the quantity of smartphones produced by local producers in Country A is 21266 per…

A: Since you have asked multiple question, we will solve the first question for you. If you  want any…

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: Let us consider the case of Venezuela. A tariff is imposed on imported clothes in Venezuela. In the…

A: Since the question you have posted consists on multiple parts, we will answer the first three parts…

Q: Assume Australia is an importer of sofas and there are no trade restrictions. Australian  consumers…

A: The difference between the price consumers are willing to pay and the market price is known as…

Q: Let us consider the case of Venezuela. A tariff is imposed on imported clothes in Venezuela. In the…

A: Domestic production before tariff = 14932 Domestic production after tariff = Domestic production…

Q: if every country uses tariffs, everyone is likely to lose. true or false

A: When a nation imposes tariffs, it hurts both the importing and exporting countries. Importing nation…

Q: With the help of a graph, explain how imposition of an import tariff affects the tariff-levying…

A: Tariff: Tariff is a non-quantity barrier. It is a tax which is imposed on the import as well as on…

Q: "Chinese workers earn only $0.75 an hour; if we allow China to export as much as it likes, our…

A: Meaning of Trade: The term trade refers to the situation under which the products and goods are…

Q: The WTO discourages the use of quotas because they are:

A: World trade organization is the international organization which deals with the rules and…

Q: Do you think China was right to place its own tariff on its exports of textiles from China? Why?…

A: Because U.S first applied heavy tariffs,therefore China had to reply.

Q: If the government of Mexico introduces a $2,000 tariff on car imports, what will be the price of a…

A: To know the price & quantity of production, the import quantity and the revenue of the…

Q: Some Legal experts have described GATT and GATS as the following:    “born like twins joined at…

A: The General Agreement on Tariffs and Trade (GATT) and General Agreement on Trade in Services (GATS),…

Q: Just clarify "tariffs on a variety of American exports..." to identify who is imposing these…

A: A tariff is a type of trade barrier used by the government to protect its producer or influence the…

Q: With free trade this country will: Import 20 (thousand) widgets and the deadweight loss is $128.…

A:

Q: Do you tariffs also reduce the volume of exports

A: Tariffs are a kind of tax imposed on commodities that enters or leave the political frontiers of a…

Q: Pa P Pc W X y Quantity V Price

A: In the given graph, demand curve and supply curve are represented as Dd and Sd respectively.

Q: What is the relation of  General Agreement in Tariffs and Trade to World Trade Organization?

A: On January 1, 1948, the GATT came into effect. 2 It has been improved since then, culminating in the…

Q: Suppose a large country A initially imposed a tariff on its imports and is now considering removing…

A: Note: “Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: nduras allows interrational trade in the market for soybeans, it will import tons of soybeans.…

A: Equilibrium is achieved at the output level where Qs equals Qd

Q: Dumping refers to the idea of selling goods for below their cost of production. Briefly explain the…

A: Dumping is a strategic term which is utilized with respect to foreign trade. It's the point at which…

Q: When China's clothing industry expands, the increase in world supply lowers the world price of…

A: The theory of comparative advantage was developed by David Ricardo and according to the theory of…

Q: If Indonesia (which is a small country) imposes an import tariff on textile imports, we can conclude…

A: Import tariff refers to the tax imposed on the amount of goods purchased by the domestic residents…

Q: Is it good or bad for American consumers when the United states puts tariffs on imports

A: Tariffs are a particular tax imposed at the border on goods that are imported. Tariffs have…

Q: In a given country, automobiles industry sells a car for 20,000$ that has a cost in imported parts…

A: Hey, Thank you for the question. According to our policy, we can only answer 1 question per session.…

Q: Case Study: U.S. Tariffs on Steel and Tires What were the differences between the tariff on tires…

A: The trade barriers are considered to be the restrictions and the limitations imposed on the goods…

Q: Assume Australia is an importer of sofas and there are no trade restrictions. Australian  consumers…

A: Demand and supply  In an economy there is always a demand for goods and services and the supply of…

Q: Argue the case for and against the imposition of a general tariff on all imports.

A: Tariffs are a kind of taxes that can be imposed on goods that enter or leave the geographical…

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: A small country imports T-shirts. With free trade at a world price of $10, domestic production is 10…

A:

Q: Identify the various types of tariffs and their purpose

A: A tariff is a charge or tax that a nation's government imposes on a traded good as it enters its…