Were the Japanese firms necessarily hurt by this limited ability to export? Explain.

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A: Globalization is the distribution across national boundaries and cultures of goods, technology ,…

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A: Free trade is an unrestricted trade policy that encourages the flow of commodities and services…

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

Q: Can you answer this please? Explain the concept of a trade embargo and its effect on the country…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Write a brief explanation of each of the following terms: a. specific tariff b. intra-industry trade…

A: Tarif is , at the most fundamental level, is a duty charged on labor and products as they move…

Q: The figure given below shows the market for computers in the U.S. The domestic price line inclusive…

A:

Q: A politician argues that the United States should temporarily ban the import of battery-powered…

A: Infant industry argument is an argument used for restrictions on free trade. It says restrictions…

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A: The infant industry argument states that the industries that are newly established (infant…

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A: Tariffs are imposed by countries to generate income, defend domestic markets, or exercise diplomatic…

Q: The opening statement on the website of the Organization of Petroleum Exporting Countries (OPEC)…

A: The markets are considered to be the places where the interaction between the buyers of various…

Q: Exporting countries Which of the following will be true, everything else remaining constant, for a…

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Q: When trade in coffee is allowed with the rest of the world, consumer surplus decreases by $340.…

A: Consumer surplus before trade = 0.5 * (140-90) * 30 qty = 750 Consumer surplus after trade = 0.5 *…

Q: Suppose supply is given by P = 2Q and demand is given by P = 1000 – 2Q. What will happen in this…

A: Supply : P=2Q Demand : P=1000-2Q Equilibrium price : Demand=Supply 2Q=1000-2Q 4Q=1000 Q=250 P=500…

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

A: The concept of comparative advantage determines how a nation is going to engage in international…

Q: Niama Oil Wells, owned by the Nigerian government, have decided to export oil from its oil wells to…

A: Step 1: In Africa, Nigeria is the largest producer of gas and oil. This makes Nigeria one of the…

Q: Suppose in an economy with a tariff on the import of sugar, if the domestic demand for sugar…

A: Given

Q: TRUE OR FALSE? EXPLAIN. To protect an industry, it is best when the Effective Rate of Protection is…

A: Answer -     Free Trade area : - It is the are where the all countries can trade freely without fear…

Q: Write a brief explanation of each of the following terms:< a. specific tariff b. intra-industry…

A: A tariff refers to the imposition of the tax by one nation on the goods and services offered over…

Q: Graphically show how each of the following shifts the supply curve. Also identify which factor of…

A: When there is a change in the non-price factor, it causes shift in the demand or supply curve which…

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

A: A tax that is being imposed by one country on the goods and services that are being imported from…

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A:

Q: If unit labor costs in Spain and Portugal rise, but unit labor costs in Germany decline and other…

A: If unit labor cost in Spain and Portugal rise, then it leads to increase the overall production cost…

Q: If a country's domestic price of lumber is below the world price of lumber, the country will likely:…

A: Outflow of goods and services from one country to rest of world, is known as the export.

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A: Industrialization is the transformation of an economy from one that is predominantly agricultural to…

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A: The foreign markets are dumping/offloading their cheap cars in the USA so the country should use…

Q: Evaluate the following statements:a. Protective tariffs reduce both the imports and the exports of…

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

Q: In 1932, U.S. manufacturers, which used to enjoy steady relationships with their foreign…

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Q: Which of the following is likely to occur if a tariff is imposed on the market? (Assume that the…

A: Imports refers to the difference between quantity supplied and quantity demanded. Imports occur when…

Q: = 5,000 + 0.2?. Suppose this economy opens to trade, and the world price of a car is $13,000. If the…

A: * SOLUTION :-    Given that

Q: Quotas may affect the terms of trade of the country imposing them. The effect of quotas on the terms…

A: A quota is a government-imposed trade restriction that restricts the number or monetary worth of…

Q: Economics When a new tariff is placed on imported furniture, which of the following is expected to…

A: Consumer surplus is the difference between the maximum willingness to pay of the consumer and the…