The Nigerian president decreases the amount of imported tea allowed into the country by 100 million pounds per year.  Which trade is this?

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: Gennifer Flowers knows that restricting trade in an attempt to get another nation to reduce their…

A: Consumer surplus denotes the benefits that the consumer derives through market participation. It is…

Q: Having rejected a tariff on textiles (a tax on imports), the president of Isoland is now considering…

A: The charge that is being levied by the government on goods and services that serves as the main…

Q: One advantage of a tariff over a quota, from the perspective of the nation imposing it, is that a…

A: The tariff is a duty or tax imposed by the government of a country upon the traded commodity when it…

Q: An outright ban on the export of a commodity to a particular country is known as: A. Trade Deficit…

A: Non-tariff barriers to trade are trade barriers that restrict import or export of goods or services…

Q: Under autarky, the equilibrium quantity of chairs in India is 101022 per year. Once free trade is…

A: When there was trade restrictions, that is the point of autarky, the demand and supply both of…

Q: Describe the potential advantages to the economy if the government offers an export subsidy

A: A subsidy refers to benefits provided by the government to firms or households. These benefits are…

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: 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: Answer Any ONE of the following 2 questions Please clearly indicate which question you are answering…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

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: the past, Canada has agreed to set an upper limit on the total amount of softwood lumber exported to…

A: A country will export a good in which it has abundance production. This implies if quantity supplied…

Q: Draw the supply-and-demand diagram for an importing country. What is consumer surplus and producer…

A: For an importing country, the domestic equilibrium price is higher than the world price.

Q: A tariff is usually considered to be better than a quota because quotas hurt domestic producers;…

A: Both quota and tariff in international trade distort the free trade ie they increase the price in…

Q: Why Japan is dependent on food import?

A: Definition: An import is a decent or administration purchased in one country that was delivered in…

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: Is it legitimate to impose higher safety standards on imported goods that exist in the foreign…

A: Imposing higher safety standards on imported goods in favour of unsafe consumer products argument…

Q: What are some of the “controllable aspects” of a new market that the exporter may have control over?

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: The Import-Export Clause of the Constitution: I. Prohibits the federal government from taxing…

A: Option C The import export clause of the Constitution prevents the states, without the consent of…

Q: Tariffs and quotas are costly to consumers because   the price of the imported good falls the supply…

A: Hi, thank you for the question. As per the guidelines, we are allowed to attempt only first…

Q: "Imports destroy jobs; exports create them.  The average American is hurt by imports and helped by…

A: The availability of a broader range of goods for home customers and lower prices for those items due…

Q: Under free trade, the quantity of smartphones produced by local producers in Country A is 15950 per…

A: An import quota is a limit on the amount of imports that can be brought into a particular country

Q: Under free trade, the quantity of smartphones produced by local producers in Country A is 20040 per…

A: An import quota is the maximum amount of imports in a country.

Q: xplain how government use administrative trade to boost export and restrict imports. Provide an…

A: The policy which is executed by the government to control the imports in the nation is termed…

Q: If international trade is allowed and price of certain commodity internationally is below of the…

A: When an economy open up its trade boundaries to make international trade, it can buy and sell…

Q: In 2015, the European Commission proposed giving individual member states the right to ban imports…

A: Genetically Modified Organisms(GMO) are products that have been worked on in laboratories to…

Q: A large country introduces export subsidies with free international trade and perfect competition.…

A: International trade agreements govern the exchange of goods and services between two or more…

Q: Which of the following trade policies limits specific quantity of goods to be imported at one tariff…

A: In an economy, there are various methods to reduce the amount of goods and services imported by the…

Q: Which of the following refers to the direct restriction on the quantity of goods which are imported…

A: Taxes are referred to as a charge implied on the use of public property or purposes. It is levied by…

Q: export/import

A: A country has comparative advantage in producing a good if opportunity cost of producing that good…

Q: A government supporting the difference between global export market prices and higher domestic…

A: In international trade if world price is lesser than domestic price government may intervene in…

Q: All of the following statements about import tariffs are true except Group of answer choices…

A: Import tariffs means the taxes that are levied on the imported goods. The basic aim behind imposing…

Q: When a country becomes an exporter of a good, domestic consumer surplus and domestic producer…

A: The economic measure of a customer's excess benefit is consumer surplus, often called buyer's…

Q: Which of the following refer to duties and taxes imposed by the government on the goods imported…

A: Tariff barriers Option 3rd is correct. Tariff barriers refer to the tax imposed by the government on…

Q: International trade benefits the exporter at all times and sometimes also the importer. both the…

A: since you have posted multiple subparts we can solve only the first 3 subparts only

Q: True or False: If a country is open to international trade, the domestic price can differ from the…

A: International trade refers to the trade between countries. There will be imports and exports of the…

Q: Export subsidy can be welfare improving trade policy for a domestic country if a) it cannot be…

A: Export subsidy is a government policy that encourages the export of commodities while discouraging…