Question: What is the difference between an export tax and an export subsidy? Which instrument are domestic consumers likely to prefer? Why?

What is the difference between an export tax and an export subsidy? Which instrument are domestic consumers likely to prefer? Why?

Step by Step Solution

★★★★★

3.36 Rating (162 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

An export tax effectively lowers the price received by producers for their product T... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

678-B-E-I-E (452).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!

Q:

What is the difference between an excise tax and a general sales tax? a. Do all states impose a general sales tax? b. Does the Federal government impose a general sales tax?

Q:

What is the difference between an affirmative action goal and a quota? Is there a difference? Explain.

Q:

What is the difference between an open-end mutual fund and a closed-end fund? What is the difference between an open-end mutual fund and a unit investment trust?

Q:

(20 points) What is the difference between an export tax and an export subsidy? Which instrument would domestic consumers be likely to prefer? Why

Q:

How does an export tax differ from an export subsidy? Which policy would domestic consumers prefer? Why?

Q:

1. Growth of the scarce factor in the large-country case will, other things equal, Select one: a. always expand trade and improve the terms of trade. b. expand both exports and imports and lead to an...

Q:

For the project, Students should read Chapter 19 and then write a short Chapter Summary, T he world is a giant shopping mall, and Americans are big spenders. For example, the U.S. population is less...

Q:

For the project, Students should read Chapter 19 and then write a short Chapter Summary, T he world is a giant shopping mall, and Americans are big spenders. For example, the U.S. population is less...

Q:

QUESTION1 l 5pci1Is SaveAnsuer Last week we looked at Export subsidies and Import taxes which had similar eeds for producers and consumers. This week will we look at Export taxes and Import...

Q:

Question 1 A) Use the table to answer the question. Soybeans Wheat Argentina 100 million tons 80 million tons Bolivia 120 million tons 100 million tons For which of the following does Bolivia have...

Q:

A spring of constant k and a damper of constant c are connected at one end to a body of mass m and the otherto a wall. The system rests on a horizontal frictionlesstable. An externalforce is applied...

Q:

Complex numbers z1 and z2 are given by (a) Determine the product z1z2 in polar form (b) Determine the product z1z2 in polar form (c) Determine the ratio z1z2 in polar form (d) Determine the ratio...

Q:

1. -(x:x is a positive integer less than 16) I=(x:x is a multiple of 4) J-(x:x is a factor of 8) (i) List all the elements of 5. I and J in set notation. (ii) Draw a Venn diagram to represent the...

Q:

What are the different types of experiences? What makes experiences phenomenally different?

Q:

What are the major forms of subsidies that governments grant to domestic producers?

Q:

What is meant by voluntary export restraints, and how do they differ from other protective barriers?

Q:

Should U.S. antidumping laws be stated in terms of average total costs or average variable costs?

Q:

Please help me, my answers are 1.6 mil 2.4 mil 6.2 mil and $1.20 Emperor's Clothes Fashions can invest $5 million in a new plant for producing invisible makeup. The plant has an expected life of 5...

Q:

Bethesda Mining Company reports the following balance sheet information for 2018 and 2019. Prepare the 2018 and 2019 common-size balance sheets for Bethesda Mining. (Do not round intermediate...

Q:

2. An investor opens a margin account with a discount broker. The initial margin requirement is 50%. The maintenance margin is 30%. The investor intends to buy 1000 shares of XYZ at $40. An interest...