Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This is for the Globalization article. You're a national lawmaker for country A. Your political supporters are business owners. These business owners own factories that

This is for the Globalization article. You're a national lawmaker for country A. Your political supporters are business owners. These business owners own factories that make product B and are complaining about international competition for their product B. If you're going to implement a trade barrier (assuming trade barriers are allowed and not contested by anyone or any organization), which trade barrier would you choose for country A to implement?

A tariff is a tax.

A quota is a quantity limit.

a. Quota - because the foreign country exporting will be able to charge a higher price

b. Tariff - because the domestic country implementing this will receive the tax revenue

c. Quota - because the domestic country implementing this will receive the tax revenue

d. Tariff - because the foreign country exporting will be able to charge a higher price

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Society, Economy, Religion And Festivals Of Tiwas In Assam

Authors: Bandana Baruah

1st Edition

9351288633, 9789351288633

More Books

Students also viewed these Economics questions