« previous next »

Author Question: A. Distinguish between a tariff and a quota. b. In what ways are tariffs and quotas similar? c. ... (Read 148 times)

silviawilliams41

  • Hero Member
  • *****
  • Posts: 560
on: Jun 29, 2018
a. Distinguish between a tariff and a quota.
  b. In what ways are tariffs and quotas similar?
  c. In what ways are tariffs and quotas different?
  d. Why might a foreign producer prefer a quota rather than a tariff?
 
  What will be an ideal response?

Question 2

According to the short-run Phillips curve, which of the following would result in high rates of unemployment?
 
  A) strong increases in aggregate demand B) strong increases in aggregate supply
  C) a higher inflation rate D) a lower inflation rate


taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Reply #1 on: Jun 29, 2018
Answer to Question 1

a. A tariff is a tax imposed by a government on imports while a quota is a numerical limit imposed by the government on the quantity of a good that can be imported into a country.
b. Compared to unrestricted trade, both a tariff and a quota result in: (

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

silviawilliams41

  • Hero Member
  • *****
  • Posts: 560
Reply #2 on: Jun 29, 2018
Thank you


taylorsonier

  • Sr. Member
  • ****
  • Posts: 377
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

The Primate order displays a diversity of ways of moving around. The Primate order displays a diversity of ways of moving around.
A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a
Physical features of Sjögren's syndrome. Source: Ways Sjogren's Syndrome May Affect the ... Physical features of Sjögren's syndrome. Source: Ways Sjogren's Syndrome May Affect the ...
Chemicals can adversely affect personal protective equipment (PPE) in three ways: They can permeate ... Chemicals can adversely affect personal protective equipment (PPE) in three ways: They can permeate ...
People who share genes will often have similar body weights People who share genes will often have similar body weights
Three ways by which chromatin remodelers Three ways by which chromatin remodelers
Video: Semidiscontinuous DNA replication

For a complete list of videos, visit our video library