1. Three policies used to restrict trade are: tariffs, quotas,
and regulatory trade restrictions. Discuss each of these
policies.
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.
explain how trade restrictions (quotas, import duties, etc.)
imposed in any specific country have different consequences for
different economic actors (consumers, employers, and workers). You
should be able to explain that any step to impose or lift trade
restrictions will help some while also hindering others.
Discuss carefully how import tariffs, import quotas, and VERs
affect consumers, producers and government revenue in the importing
country? Which import barriers is less distorting and why?
What is a multinational? Please provide an example. What are
tariffs? Import quotas, and embargo? What is the relationship
between them? What is the WTO? What is their purpose? Why was NAFTA
created? What is one benefit, and one drawback? Name 3 ways to
manage a business ethically.
Please show how you get to the answer and explain it! Please
thoroughly show how to do this! I'm so confused.
Given the following information for Gator Company who uses the
LIFO method:
Net
NRV Minus
Realizable
Replacement
Normal
Item
Quantity
Cost
Value
Cost
Profit
1
1
$17.70
$24.60
$18.00
$17.10
2
1
10.80
8.28
9.30
5.58
3
1
72.00
64.80
67.20
57.60
4
1
4.80
3.12
2.88
2.64
5
1
12.00...