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

Q: Who are the winners and who are the losers when tariffs or quotas are implemented?

A: The tariffs are the unitary tax imposed by the government over the commodity which is being imported…

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: How would direct subsidies to key industries be preferable to tariffs or quotas?

A: International trade allows nations to interact with one another via import-export of goods and…

Q: An important difference between tariffs and quotas is that tariffs Select one: a. help domestic…

A: In an economy, tariffs and quotas, both are the ways to reduce imports of the country.

Q: Protectionism uses tariffs as trade barriers? True or False

A: Protectionism is a policy implemented by the country to restrict the trade with the rest of the…

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: If tariffs on imports of steel are removed, how would this policy affect East Texas?

A: Tariff on Import: It is an economic tool to reduce the import of commodities from foreign countries.…

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: Which of the following is NOT a possible positive outcome related to tariffs? A Improved national…

A: Tariff refers to the government protection to domestic producers from foreign competitors as it is…

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: 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: What are the difference of Tariff and non-tariff restrictions?

A: Tariff restrictions are the tax restrictions and non-tariff restrictions are the non-tax…

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: Define protectionism and explain non-tariff barriers to trade. Who are the major beneficiaries and…

A: When a government legislates policies to reduce or block international trade it is engaging in…

Q: Can a country ever gain from an import tariff, theoretically and/or in practice?

A: A tariff is a tax levied on goods imported, and a quota is a quantitative limitation on goods…

Q: The Stolper-Samuelson theorem postulates - that the imposition of import tariff will result in : (a)…

A: Stolper - Samuelson theorem describe the relationship between relative prices of output and relative…

Q: Evaluate any six arguments for restricting trade and, for each of these arguments, provide a…

A: Argument for restricting trades are: It helps to protect domestic jobs It helps to protect domestic…

Q: In 2009, US imposed a tariff of 35% on radial car tires imported from China. The winners from this…

A:

Q: What are some pros and cons of tariff? Why were the tariff enacted in the first place.

A: Tariff is one kind of tax laid on foreign imported goods The benefits of tariff are listed below:…

Q: "Whatever can be done by a tariff can be done by a Quota". Agree or Disagree and why?

A: A tariff is a tax implemented on imported goods. It can be specific or it can be ad valorem.…

Q: In what way are tariff revenues and quota rents similar?

A: Tariffs are the duties or types of taxes imposed on goods for income and protective purposes when…

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: Whatever can be done by a tariff can be done by a quota.

A: Whatever can be done by a tariff can be done by a quota  I disagree with statement  Tariff is the…

Q: Using appropriate diagrams and the relevant assumptions, show how a tariff affects: a) A country's…

A: When a country imposed import tariff the foreign commodity become expensive as compared to domestic…