This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The government of Eduland is planning to impose a tariff on the import of sports bikes. How is this ... (Read 92 times)

cool

  • Hero Member
  • *****
  • Posts: 570
on: Jun 30, 2018
The government of Eduland is planning to impose a tariff on the import of sports bikes. How is this policy likely to affect the domestic market for sports bikes in Eduland?
 
  What will be an ideal response?

Question 2

A surplus is defined as
 
  A) the excess of total expenditures over total revenues.
  B) government spending plus transfer payments.
  C) the sum of all past borrowing by the government.
  D) the excess of total revenues over total expenditures.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vickybb89

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 30, 2018
Answer to Question 1

If the government of Eduland imposes a tariff on the import of sports bikes, the price of imported sports bikes in Eduland will increase. As a result, the demand for domestically manufactured sports bikes will increase. Thus, the domestic market for sports bikes will become stronger.

Answer to Question 2

D


cool

  • Member
  • Posts: 570
Reply 2 on: Jun 30, 2018
Gracias!

covalentbond

  • Member
  • Posts: 336
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
Fitness Evaluation of Various Activities and Sports Fitness Evaluation of Various Activities and Sports
Sports drinks can replace electrolytes and fluids lost during exercise Sports drinks can replace electrolytes and fluids lost during exercise
Growth of Government Spending, 1870–2009 Growth of Government Spending, 1870–2009
Government Corruption versus GDP per Capita, 2009 Government Corruption versus GDP per Capita, 2009
American Government: Roots and Reform, 2009 Edition American Government: Roots and Reform, 2009 Edition
Video: Summation - defined, spatial, temporal & AP generation or not

For a complete list of videos, visit our video library