How is the quota different for Americans than a tariff?

Expert Solution

Rahul Sunny answered 1 year ago

1- Why is a quota more detrimental to an economy than a tariff that results in...

1- Why is a quota more detrimental to an economy than a tariff that results in the same level of imports as the quota? What is the net outcome of either tariffs or quota for the world economy? 2-“The potentially valid arguments for tariff protection—military self-sufficiency, infant industry protection, and diversification for stability—are also the most easily abused.” Why are these arguments susceptible to abuse?

A Tariff Rate quota: Has a lower tariff rate on goods shipped below the quota and...

A Tariff Rate quota: Has a lower tariff rate on goods shipped below the quota and a higher rate on goods shipped once they exceed the quota Charges a tariff on natural resources Sets a quota on natural resources Sets a quota on natural resource and a tariff on manufactured goods Group of answer choices

Why does a quota generate a larger loss to the importing country than a tariff that...

Why does a quota generate a larger loss to the importing country than a tariff that restricts imports to the same quantity? (b) Some U.S. politicians claim that China’s trade policies are unfair to the United States, and that a large tariff should be placed on Chinese imports to protect U.S. workers and industries. Why might such a policy sound better than it actually is in practice? What are the dangers of imposing large taxes on Chinese imports?

How does an import quota differ from a tariff? Can the government ever capture the quota...

How does an import quota differ from a tariff? Can the government ever capture the quota rent? If so, how?

1. Explain why enacting a quota may result in lower total surplus than a tariff, even...

1. Explain why enacting a quota may result in lower total surplus than a tariff, even if they have the same effect on imports and the domestic price. 2. Explain what is meant by factor price equalization. In which model does factor price equalization occur? Why does factor price equalization occur?

4) How does a tariff affect the government's revenue? How does an import quota affect the...

4) How does a tariff affect the government's revenue? How does an import quota affect the government's revenue? 5) Discuss the reasons why we see trade restrictions. Are any of these reasons valid? 6) Two arguments used to promote trade barriers are the infant-industry argument and the dumping argument. Explain each of these arguments and evaluate whether each one has any flaws.

6. What is a tariff and what is a quota in international trade? (a) In Tessland,...

6. What is a tariff and what is a quota in international trade? (a) In Tessland, suppose the domestic demand curve for sugar is given by: P = 16 - 0.05Q and the domestic supply curve is given by: P = 4 + 0.05Q: i. In the absence of any trade, what is the equilibrium price and quantity of sugar? How much are the consumer surplus and domestic producer surplus? ii. Suppose the equilibrium price of sugar in the world...

Show graphically and explain in words that for any tariff, there is an equivalent quota that...

Show graphically and explain in words that for any tariff, there is an equivalent quota that would give the same result. What would be the difference, then, between the two types of trade barriers? Hint: It is not something you can see from the graph. (This file will require you to upload a file that includes a supply and demand diagram. You may upload a photo of handwritten work or create your own diagram digitally and upload a word document...

What is the difference between a tariff and a quota? Discuss the impact of tariffs on...

What is the difference between a tariff and a quota? Discuss the impact of tariffs on international trade. Include a discussion of the gains from trade and why nations trade?

Compare and contrast some different forms of non-tariff and non-quota trade barriers. Using a specific American...

Compare and contrast some different forms of non-tariff and non-quota trade barriers. Using a specific American industry, pick several of these trade barriers and explain the significance they would have on the ability of the firms within the industry to engage in foreign trade.

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