« previous next »

Author Question: A. Distinguish between a tariff and a quota. b. In what ways are tariffs and quotas similar? c. ... (Read 133 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?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Similar genes, conserved during evolution Similar genes, conserved during evolution
While most people resist labels of deviance, some embrace them. In what different ways do these ... While most people resist labels of deviance, some embrace them. In what different ways do these ...
Four ways of thinking about the relations among the perception of emotion-inducing stimuli, the ... Four ways of thinking about the relations among the perception of emotion-inducing stimuli, the ...
Protein methylation protects proteins in two ways Protein methylation protects proteins in two ways
People who share genes will often have similar body weights People who share genes will often have similar body weights
Two ways of treating blocked coronary arteries, the main cause of heart attacks in older adults. Two ways of treating blocked coronary arteries, the main cause of heart attacks in older adults.
Video: Origin of organelles Animation

For a complete list of videos, visit our video library