--%>

Taxing imports-whats the problem

‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’

E

Expert

Verified

Considering how economist’s approaches like questions and the role of generality in modeling. Making an understanding of comparative benefit and employing this in the argument against tariffs.

   Related Questions in Macroeconomics

  • Q : Fiscal and monetary policies in

    Explain the impact of changes in fiscal and monetary policies in curtailing inflation?

  • Q : Tax system problem In the figure shown

    In the figure shown below, line T1 depicts a tax system which is: (1) Regressive. (2) Progressive.  (3) Proportional. (4) Unbiased. (5) Recessive. 2471_7.jpg

  • Q : Another name of macroeconomics What is

    What is another name of macroeconomics? Answer: Income theory

  • Q : Inflation movements and factors Use

    Use economic theory to explain the inflation movements and factors influencing it. Use relevant models to explain the impact of changes in fiscal and monetary policies in curtailing inflation.

  • Q : How central bank reduce the

    Describe any two measures by which a Central Bank can attempt to decrease the gap. Answer: Central bank can decrease this gap by adopting two measures illustrated b

  • Q : Business cycle What is meant by the

    What is meant by the term business cycle as described by economists?

  • Q : Implications of fiscal deficit

    Implications of fiscal deficit: (A) High fiscal deficit entails a big amount of borrowings in which the government takes more loans to pay back it. It raises the liability of government.

    Q : POSSIBILITIES Possibilities Food

    Possibilities Food (millions of tons per year) Tractors (millions per year) A 0 30 B 4 28 C 8 24 D 12 20 E 16 14 F 20 8 G 24 0 a. Is it possible for this nation to produce thirty million tons of food per year? Why or why not. b. Is it possible for this nation to produce thirty million

  • Q : Stage of the business cycle What stage

    What stage of the business cycle is our economy experiencing at present time? proof your answer.

  • Q : Shifting of demand curve due to new

    Assume that the launch of Microsoft Xbox 360 moved the demand curve for Sony PlayStation 2 games from D0 to D1 throughout similar period if new game designers enter into this market and hence supplies of PlayStation 2 games shifted S0 to S1. The market equilibrium: (1