Suppose that Italy wants to reduce imports of pasta. Would economists typically recommend the use of...

Suppose that Italy wants to reduce imports of pasta. Would economists typically recommend the use of a tariff or quota, assuming that both policies would reduce imports by the same amount? Explain your answer (IN GREAT DETAIL).

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Expert Solution

Rahul Sunny answered 2 years ago

Which of the following industries would typically use job order costing, and whiuch would typically use...

Which of the following industries would typically use job order costing, and whiuch would typically use process costing? Dentist Gasoline refining flour mill movie studio Paper manufacturing Custom printing

Suppose Boston wants to reduce childhood obesity. As part of its plan, the city would impose...

Suppose Boston wants to reduce childhood obesity. As part of its plan, the city would impose a tax on sugary drinks like soda, Gatorade, etc because their consumption has been associated with childhood obesity, however, the tax would be applied statewide. The tax would be paid by suppliers. According to standard economic theory, how would the tax affect the market equilibrium price and quantity of soda sold in Boston? Do you think the tax would be effective in reducing childhood...

What would you recommend to a client on how they might reduce the amount of Social...

What would you recommend to a client on how they might reduce the amount of Social Security benefit that is subject to tax if they have surpassed the threshold? Additional Information- Assuming a couple married filing jointly received $40,000 in Social Security benefits, they would only need $12,000 in other income to reach the $32,000 threshold. If they had retirement plan income, pension, or investment income, this threshold can be easily reached.

How would you define Fiscal Policy? Who was one of the first Economists to recommend that...

How would you define Fiscal Policy? Who was one of the first Economists to recommend that government become involved in the economy (via fiscal policy)?

A) Which of the following industries would typically use job order costing, and which would typically...

A) Which of the following industries would typically use job order costing, and which would typically use process costing? Clothing factories Accounting consulting firms Food companies Shampoo manufacturer Aircraft manufacturing company Sports drink manufacturer B) Fortress Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are rolled into steel sheet. The Rolling Department received 1,200 tons from the Casting Department. During July, the Rolling Department completed 1,100 tons, including 150 tons of...

Suppose members of the United States, Mexico, and Canada trade agreement (USMCA) agree to reduce imports...

Suppose members of the United States, Mexico, and Canada trade agreement (USMCA) agree to reduce imports of foreign oil and set a price floor for North American oil. Briefly describe the impact this might have for Alberta oil producers, and for Canadian oil consumers. (200 words)

A firm wants to reduce its cash conversion cycle. Which of the following steps would reduce...

A firm wants to reduce its cash conversion cycle. Which of the following steps would reduce its cash conversion cycle? The company reduces its average inventory without increasing its sales. The company increases its days sales outstanding (DSO). The company starts paying its bills sooner, which reduces its average accounts payable without reducing its sales. Statements A and B are correct.

2. There are four main reasons why economists typically oppose the use of trade restrictions. (1)....

2. There are four main reasons why economists typically oppose the use of trade restrictions. (1). From a global perspective, free trade increases total output. (2). International trade provides competition for domestic companies. (3). Restrictions based on national security are often abused. (4). Trade restrictions are addictive. Discuss each of these reasons.

what steps would you recommend to change how police behavior and/or reduce conflict between the police...

what steps would you recommend to change how police behavior and/or reduce conflict between the police and the communities they serve?

1. Suppose that the Danish Government wants to reduce the quantity of coconut oil consumption by...

1. Suppose that the Danish Government wants to reduce the quantity of coconut oil consumption by 23% in order to reach their health improvement goals. How much does the tax need to be in order to meet their goals assuming a price elasticity of demand of 0.5? (Show your calculations for full points) 2. Suppose the Danish Government implements a 50% tax on coconut oil. How much will coconut oil consumption drop by if we assume a 0.5 price elasticity...

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