The world price of a refrigerator is $666. The value of imported components used to make the refrigerator is $325. The tariff on imported refrigerators is $78. What is the effective rate of protection for refrigerators? _____ (round to two decimal places)
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- Economists sometimes say that protectionism is the second-best choice for dealing with any particular problem. What they mean is that there is often a policy choice that is more direct or effective for dealing with the problem—a choice that would still allow the benefits of trade to occur. Explain why protectionism is a second-best choice for helping workers as a group helping industries stay strong protecting the environment advancing national defenseThe world price of a refrigerator is $716. The value of imported components used to make the refrigerator is $311. The tariff on imported refrigerators is $83. What is the effective rate of protection for refrigerators? ___% (round to two decimal places) (No chatgpt answer)A6 Import tariff on a manufactured product in a country Y equals 15 % while tariff on imported raw materials to produce such a product is 2%. In price of the final product, value of imported raw materials makes up 50%. Calculate the effective rate of protection for domestic manufacturing in the country Y.
- 1._______ The total value of a nation’s exports minus thetotal value of its imports over some period of timeSuppose Qd=-44*P+869, Qs=35*P+17 for home and Qd*=-44*P+123, Qs*=35*P+39 for foreign. Further suppose that the importing country place a tariff of 0.17 on the product. What is the trade volume to two decimal places? The CORRECT ANSWER is 377.29 can you show how this is done?Suppose Qd=-25*P+709, Qs=39*P+12 for home and Qd*=-25*P+182, Qs*=39*P+33 for foreign. Further suppose that the importing country place a tariff of 0.15 on the product. What is the trade volume to two decimal places? Answer: (269.20) could you explain the answer by excel please
- Dumping a) always lead to the decrease in world welfare b) is considered unfair by the rules of the WTO c) is the situation when a firm exports good at a higher than domestic price or at a price higher than its average costs d) always leads to negative profits of a firmThe U.S economy has not been affected by NAFTA? True or FalseEconomics Explain how the cost of a country’s tariffs is calculated as a percentage of gross domestic product (GDP). Which effects are captured in this process? Why is the true cost of import protection probably larger than what can be shown in simple graphs or as calculated by the net national loss formula?
- Please answer all parts of the questions.(A & B) Thank you. A. Suppose American car manufacturers can produce model Falcon cars for $25000, which can also be imported from Japan at $25,000. US manufacturers need to import $15000 worth of materials from the rest of the world to produce the cars. What are the domestic value-added, the nominal and the effective rates of protection? Suppose the US puts a 15% tariff on imported Falcon cars from Japan. What is the effective rate of protection? Suppose in addition to the 15% tariff mentioned in (2), USA also puts a 10% tariff on parts from the rest of the world? What is the effective rate of protection? B. Discuss two arguments in favor of and against ‘the Labor Argument’ of protection.give explanations too thank you In the absence of a well-developed local capital market borrowers might go to which World Bank organization to find investment funds? What is ______________ Rather than exporting or FDI I can negotiate a contract that gives another company the right to make my product in their country by what? What is ______________ what is a situation in which higher tariff is triggered after imports reach a certain threshold? What is ______________ When an immigrant sends money to his or her family back in their home country. (it's difficult to measure) What is ______________ When more expensive goods sourced from inside a customs union replace the consumption of less expensive goods from outside the customs union. What is ______________A country’s policy of supporting higher domestic agricultural prices against lower world prices to ensure profitable production prices in an agricultural sector is best defined as: a. Embargob. Export Subsidyc. Import Tariffd. Import Quota