An example of a predatory trade practice is: tariffs, duties and quotas subsidies trade and investment finance below market interest rates All of the above None of the above
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- Describe what a tariff is and its economic effectsThe long-term trend in barriers to trade can be characterized as follows: Group of answer choices The number of claims brought to the WTO dispute resolution department has skyrocketed. Trade barriers have generally increased, and means of trade have generally been increased. Trade barriers have generally been reduced, and means of trade have generally been increased. The long-term trend has been the steady increase in tariffs and import quotas.Many legal structures are designed to either encourage or limit trade. True or false?
- Trade between nations can be mutually beneficial if one country has a monopoly. an absolute advantage. a comparative advantage. a protective tariff on importsMatch each argument for protectionism with the best counter-argument. Protectionism helps new industries develop. Protectionism prevents firms from strategically dumping goods to monopolize the market. Trade creates more jobs than it destroys, i.e., free trade leads to net job creation. Protectionism saves jobs. Answer Bank Many companies have succeeded without protectionist policies. Trade leads to higher wages and opens up more opportunities for individuals in less developed nations. It is often difficult to distinguish between predatory pricing and legal pricing strategies. Protectionism prevents the exploitation of foreign workers who are underpaid.Direct investment should only be used when there is a low chance of success and the market has weak potential the market is stable and flat there is a low chance of success and the market has strong potential there is a high chance of success and the market has strong potential there is a high chance of success and the market has weak potential
- To protect consumers from potentially dangerous manufactured goods, the U.S. government is most likely to use which kind of trade barrier? License Quota Regulation TariffWhy is a tradable quota more efficient than a traditional quota?consider a domestic monopoly in a small country that produces a good with the following inverse demand curve: P = 100 - 1/4Qd. The monopoly has marginal cost of MC = 20 + 1/2Q. In the absence of free trade, complete the following: A) Calculate the equilibrium price and quantity. B) Calculate the consumer surplus, producer surplus (note the shape), and total surplus. Now, suppose the home market opens up to free trade ant that the world price is $60 per unit. C) Calculate the home firm's quantity (supplied), home quantity (demanded), import quantity, and price. D) Calculate the consumer surplus, producer surplus, and total surplus. Now, suppose the home market opens up to free trade, but imposes a tariff of $10. E) Calculate the equilibrium price and…
- Analyze the Economic Effects of Tariffs and Quotas. Give examples.The article refers to TikTok being banned in India. What types of polices do governments use to restrict trade?Which of the following is TRUE about tariffs? Group of answer choices Tariffs increase the price of imported goods, which decreases demand. Tariffs cause imported product prices to fall. Tariffs cause demand for imported products to rise. Tariffs create strong relationships between trading partners.