What do you call the Taxes imposed on goods exported from or imported to a country?

Q: Namibia import most of its goods, and to encourage local production it can levy a tariff on imports.…

A: Tariffs: These are the indirect taxes that are being imposed by the governments around the world on…

Q: It would be a surplus of $10 million in the trade balance if they exports are $40 million and the…

A: The information being given is:-. Exports = $40 million Imports = $25 million

Q: Suppose you are watching a news programme on television. It's reported that some European…

A: Export is the sale of goods and services to foreign countries of origin or produced in the country.…

Q: Consider a country that is open to trade. Although the country imports and exports goods and…

A: Trade: Exchange is an essential economic idea including the purchasing and selling of labor and…

Q: A tariff is a tax imposed by a government on its own exports. T or F

A: Tariff: - tariff is a tax imposed by the government of a country on the imports and exports of that…

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: 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: 10. Which of the following is FALSE? A) Tariffs are a relatively easy tax to administer and often…

A: The answer is - D) Tariffs are not an attractive tax option for most low-income countries, so they…

Q: Do you agree on the statement “supporters of import restrictions favor producer welfare than…

A: Import restrictions mean various types of trade restrictions imposed on the import of goods and…

Q: Explain with the help of a graph the effect of an increase in the relative price of the exported…

A: The PPC shows the combinations of those goods which an economy can produce with the given resources.…

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: 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: 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: A good way to understand why a large country can gain by imposing a tariff is that the country gets…

A: Trade balance: The trade balance shows the country’s exports of goods and services minus its imports…

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…

Q: Explain how lifting an import quota on other countries will affect an exporting country that had…

A: An import quota is an administration forced exchange limitation that restricts the number or…

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 one of the following statements is FALSE? a. Tariffs are taxes charged on imports or exports.…

A: Tariffs and import substitution policies are adopted to support domestic producers in an economy.

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: How can authorities of a country effectively limit the import quantities in a country

A: The government of a country has the authority to limit the import quantities in a country with the…

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: Would the U.S. government gain any advantage from using tariffs or quotas to restrict imports?

A: Trade restrictions: -trade restrictions are the barriers imposed on international trade by the…

Q: If China has a trade surplus with the United States, it is a good thing for the U.S economy? True or…

A: Trade surplus means that a country's export is greater than it's import.

Q: could lead to an imbalance of

A: The lopsidedness of import and product of a nation influences the equilibrium of exchange of that…

Q: Why exports of fish and fish products are essential to the economies of many countries and regions?

A: According to Secretary of Commerce Wilbur Ross, recreational and commercial saltwater fishing in the…

Q: Discuss the effects of domestic support on imports and export? Give an example.

A: Protestantism is a practice in which protectionist trade policies are followed. This policy allows…

Q: Assume that you have been hired by an International Organization to be consulted on various issues…

A: The exchange of goods and services between countries is known as international trade. Consumers and…

Q: Do you think that the United States should phase out dependence on imported oil?

A: Do you think that the United States should phase out dependence on imported oil?   Yes, I personally…

Q: country has a trade surplus when

A: THE COUNTRY HAS A TRADE SURPLUS WHEN - EXPORTS EXCEED IMPORTS

Q: The United States has enjoyed a trade surplus during the last two decades.True or False

A: Balance of trade consists of visible trade of goods traded by the economy. It keeps track of the…

Q: Suppose you are watching a news programme on television It's reported that some European politicians…

A: Quotas refer to fixing the maximum amount of any quantity that can be imported in a domestic…

Q: A tariff is a tax on imports. Such a tax can be replicated by applying simultaneously two domestic…

A: Tariffs are imposed by governments to increase income, safeguard native businesses, or exercise…