Consider how to define what a tariff is and its economic effects. Discuss how Tiebout competition relates to the real world and give an example of a policy that can be understood through Tiebout competition. Describe the role of pr...
How can economies of scale (as a country produces more production costs fall) affect world trade patterns? Explain. Can countries experience gains from trade even in the absence of comparative advantages in production? Why or why not? Describe the effects of a tariff on int...
Explain the role that the imports play in aggregate demand. Explain the role of entrepreneurs. Define and explain the significance of non-tariff barriers. Discuss how a patent holder can restore its profits when its patent has been infringed. Describe profit function. How do the duties and liabi...
How does a negative trade balance impact the economy? How does a negative trade balance affect a country's recovery policies? Shouldn't some of the wealth injected in the economy end up in the other countries we import from and not our own count...
that, in the real world, you share a government budget with Jones. In principle (so says this supporter), Jones, as a government official, can use the revenues he reaps from the tariff to reduce your tax burden by more than the burden that you as a consumer endure through the tariff....
5. Suppose that society decided to reduce consumption and increase investment. a. How would this change affect economic growth 答 :当社会决定减少消费并增加投资时,会使社会 的储蓄增加 ,更多的资源用于生产资本 品, 结果 ,资本存量增加 ,引起生产率提 高和 GD P 增长得更为迅速 。 b. What groups ...
How do trade barriers and tariffs inhibit efficiency? If countries reduced trade barriers, would the international flows of money increase? A nation that imposes tariffs on imported goods may find its welfare improving should the tariff result in a favorable shift in the terms of trade. Explain....
A country whose trade has almost no impact on world prices is at great risk of immiserizing growth. True False Explain. Immiserizing growth Immiserizing growth refers to the fact that a country will be worse off prior the growth happens. It cou...
The trade freedom index is a composite measure of the tariff and nontariff barriers that affect the cost of international trade. Nontariff barriers include quantity restrictions, price restrictions, regulatory restriction, customs restriction, and direct government intervention. The value ranges from 0 ...