Quotas and tariffs canyield the same amount of tax revenue, Ask an Expert

Economics

?Quotas and tariffs can:

Yield the same amount of tax revenue if they are ?set appropriately.

?Have the same effect on the price of domestically produced goods if they are set appropriately.

?Both increase international trade by the same amount if set appropriately.

?Never have the same effect on imports and import prices.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720369

Have any Question?Write your Review or question?

Related Questions in Business Economics

In a survey of 320 customers 84 say that service is poor

In a survey of 320 customers, 84 say that service is poor. You select two customers without replacement to get more information on their satisfaction. What is the probability that both say service is poor?

What happens if wages and prices adjust very quickly in

What happens if wages and prices adjust very quickly in response to various shocks to the economy? Does this make business cycle, expansions and contractions in the economy, shorter or longer?

Suppose the cost function of making jackets is cx x2 -

Suppose the cost function of making jackets is C(x)= x^2 - 50x+1500. How many jackets should you make to minimize the cost of the jackets? How much would be the minimum cost?

What is the theory of consumer choice and how it consumers

What is the theory of consumer choice and how it consumers facing trade-offs make decisions and how they respond to changes in their environment?

If the probability of making a type i error is decreased

If the probability of making a Type I error is decreased, the probability of making a Type-II error: A) also decreases B) remains the same C) increases D) depends on the sample size Which of the following statements is ...

A random sample of 64 customers is selected to analyze

A random sample of 64 customers is selected to analyze their waiting time at a restaurant. The sample statistics are computed as follows: the sample mean xbar=3.21 minutes and the sample standard deviation s = 0.8 minute ...

The abc movie theater has 300 seats in a typical month 25

The ABC movie theater has 300 seats. In a typical month, 25 percent of the seats are sold. The price elasticity is estimated to be -0.9. The price of a ticket is $8.00. The manager wants to increase the attendance to 30 ...

Question parents decided to set aside money for their

Question: Parents decided to set aside money for their child's higher education. The objective is to provide $35,000 in today's dollars after 17 years. Their financial analyst forecasted that the average annual inflation ...

Why would the australian government debt be consider not

Why would the Australian government debt be consider not too high?

Of the people who fished at clearwater park today 45 had a

Of the people who fished at Clearwater Park today, 45 had a fishing license, and 5 did not. Of the people who fished at Mountain View Park today, 36 had a license, and 4 did not. (No one fished at both parks.) Suppose th ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert