Explain why a tariff on imported oil would be better than an import quota as a means

Question:

Explain why a tariff on imported oil would be better than an import quota as a means by which to achieve energy independence?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

See More Books

Question Posted: Feb 11, 2020 09:39 AM

See More Questions

Suppose that Congress imposes a tariff on imported autos to protect the U.S. auto industry from foreign competition. Assuming that the United States is a price taker in the world auto market, show...
Remox Corporation is a British firm that sells high-fashion sportswear in the United States. Congress is currently considering the imposition of a protective tariff on imported textiles. Remox is...
The effects of a tariff on imported kumquats can be divided into the following categories: tariff revenues received by the treasury ($8 million); increased use of resources to produce more kumquats...
Which of these is NOT one of the validity conditions for a t-test for the slope of a regression line? A. We should have a large sample size, typically n 20. B. The scatterplot of the sample data...
In determining whether deferred tax assets relating to tax losses are to be recognised what factors should be taken into consideration?
Find the roots of the equations (a) x 2 + 2x + 2 = 0 (b) x 3 + 8 = 0
5 percent interest per month. The sterilizer was delivered on August 23, 1996. The last payment was received on April 21, 1998. At the time of the last payment, the defendant still owed the plaintiff...
Doaktown Products manufactures fishing equipment for recreational uses. The Miramichi plant produces the companys two versions of a special reel used for river fishing. The two models are the M-008,...
f(x)=5x-3, g(x)=x-5 (f+g)(x)=(Simplify your answer.)
A firm had the following values for the four debt ratios discussed in the chapter: Liabilities to Assets Ratio: less than 1.0 Liabilities to Shareholders Equity Ratio: equal to 1.0 Long-Term Debt to...
Construct an argument against energy independence as a policy goal for the United States using the notion of comparative advantage?
Explain why the current account and the trade balance are so closely aligned?
What things should the auditor consider when group entities are audited by other auditors?
What are the ethical implications of leveraging artificial intelligence and machine learning algorithms in predictive analytics, particularly in domains such as healthcare and criminal justice?
How can we navigate the ethical complexities of globalized supply chains, including issues of labor rights, environmental impact, and economic inequality, in the context of increasingly...
What is the relationship among Expected rate of return, Expected dividend yield and the Expected growth rate (or the capital gains yield)? Explain in a a paragraph.
Construct the current assets section of the balance sheet from the following data. ( Use 3 6 5 days in a year. Do not round intermediate calculations. Round the final answers to the nearest whole...
An apparel manufacturer sells to a retail outlet on credit terms of net 45. The manufacturer's experience suggests payment is received and applied to the retailer's account 50 days after the invoice...
What is the density of water vapor in g/m 3 on a hot dry day in the desert when the temperature is 40.0C and the relative humidity is 6.00%? g/m3
Troy is a qualified radiologist who operates a successful radiology practice from purpose- built rooms attached to his house. Troy works in the practice three days a week, and the other two days he...
Ed owns Oak Knoll Apartments. During the year, Fred, a tenant, moved to another state. Fred paid Ed $1,000 to cancel the two-year lease he had signed. Ed subsequently rented the unit to Wayne. Wayne...
Susans salary is $44,000 and she received dividends of $600. She received a statement from SJ partnership indicating that her share of the partnerships income was $4,000. The partnership distributed...
Holly inherited $10,000 of City of Atlanta bonds in February. In March, she received interest of $500, and in April she sold the bonds at a $200 gain. Holly redeemed Series EE U.S. savings bonds that...
Compute the following 6 answers for this bong paying semi-annual interest given:Par Value = $1,000Coupon Rate = 10.80%Time to Mature = 12 yearsFirst Opportunity to Call = 6 yearsCall Premium =...
The following are check figures: From the ledger - ending cash balance=$22,570. Using the 10 column worksheet find the remaining balances. The figures include the - Trial balance totals=$85,595,...
Leadership Identity Theory Instructions Researchers (i.e. Komives, Longerbeam, Mainella, Osteen, and Owen) have developed a theoretical framework to help individuals develop their leadership...

Explain why a tariff on imported oil would be better than an import quota as a means

Question:

Step by Step Answer:

triff is tx tht is imsed n the gds nd servies being imrted in the untry The tx n be n th...View the full answer

Issues in Economics Today

Students also viewed these Business questions