Explain how lifting an import quota on other countries will affect an exporting country that had been
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (17 reviews)
Lifting an import quota will lower the price back to the w...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
If the United States puts an import quota on roses of 5 million containers, what happens to the U.S. price of roses, the quantity of roses bought, the quantity produced in the United States, and the...
-
Fill in the blanks to make the following statements correct. a. A tariff imposed on the import of leather shoes will cause an ________ in the domestic price. Total quantity of leather shoes sold in...
-
If Korea imposes an import quota on U.S. oranges, losers include Korean _______ of oranges and U.S. ______ of oranges. A. Consumers; consumers B. Consumers; producers C. Producers; consumers D....
-
Make a Marketing Plan for business during the Covid 19 Pandemic as it is today. Position yourself as an entrepreneur looking to open a new business or expand your existing business. Use assumptions...
-
An auditor for a government agency was assigned the task of evaluating reimbursement for office visits to physicians paid by Medicare. The audit was conducted on a sample of 75 reimbursements, with...
-
The Mata Batting Company manufactures wood baseball bats. Matas two primary products are a youth bat, designed for children and young teens, and an adult bat, designed for high school and college-...
-
Figure 2.3 displays the frequency distribution from Example 2.5. Create a similar plot using ggplot () to display the relative frequency distribution for each treatment group instead of the frequency...
-
Consider each of the following independent situations: a. A computer service agreement in which a company pays $150 per month and $15 per hour of technical time. b. Fuel cost of the companys fleet of...
-
The Olson Company reports a $ 1 1 6 , 0 0 0 figure that is labeled capital stock on its balance sheet. What information is being communicated?
-
The Project is for implementing an ERP Project for South African Airlines and it is to be executed in Johannesburg. The Project involves following parameters: The Budget is US$ 1,00,000,00 The Time...
-
Why might a country that is more productive in producing wheat than its trading partners end up importing wheat?
-
Labor is relatively abundant in Mexico compared with arable land. Explain who wins and who loses in Mexico as a result of the North American Free Trade Agreement (NAFTA), which liberalized trade...
-
A 4-m x 5-m x 7-m well-sealed room is to be heated by 1500 kg of liquid water contained in a tank that is placed in the room. The room is losing heat to the outside air at 5C at an average rate of...
-
Paraphrase this "To fight the 2008 financial crisis, the United States employed a combination of fiscal and monetary policies. On the budgetary front, Congress passed the ailing Asset Relief Program...
-
What are the assertions affected by the earlier list on what could go wrong in the post to the general journal process? The assertions to use are Completeness Existence/Occurrence Presentation and...
-
A bond issued 10 years ago had a face value of $2,000; a coupon rate of 5%; and a yield of 6% when it was sold last month in the secondary bond market. At what price did the bond sell in the...
-
1. Refer to the graph provided. Price, cost of unit $15- 9 MC ATC MR = P = D a. At what level of output does the firm maximize profit? Explain how you know. b. At the profit-maximizing quantity of...
-
Miles bridges makes $160,000 as his annual salary. He currently has a starting balance in a normal brokerage investment account of $25,000, and wants to contribute 6% of his salary to this same...
-
If possible, find the slope of the line passing through each pair of points. (1.6, 12), (1.6, 5)
-
Use this circle graph to answer following Exercises. 1. What fraction of areas maintained by the National Park Service are designated as National Recreation Areas? 2. What fraction of areas...
-
The Upward-Sloping Long-Run Supply Curve for Cotton Mini-Case shows a supply curve for cotton. Discuss the equilibrium if the world demand curve crosses this supply curve in either (a) a flat section...
-
The Upward-Sloping Long-Run Supply Curve for Cotton Mini-Case shows a supply curve for cotton. Discuss the equilibrium if the world demand curve crosses this supply curve in either (a) a flat section...
-
The 2010 oil spill in the Gulf of Mexico caused the oil firm BP and the U. S. government to greatly increase purchases of boat services, various oil-absorbing materials, and other goods and services...
-
In 2019, Rylan Enterprises' net income increased by $2.5 million while its depreciation expense decreased by $500,000, accounts receivable increased by $2,000,000 and accounts payable increased by...
-
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments-Molding and Fabrication. It started, completed, and sold...
-
The Sky Blue Corporation has the following adjusted trial balance at December 31. Cash Accounts Receivable Prepaid Insurance Notes Receivable (long-term) Equipment Accumulated Depreciation Accounts...
Study smarter with the SolutionInn App