FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the difference between a tariff and a quota? O In case of a tariff the government gains revenue. 0 In case of a

image text in transcribed
image text in transcribed
What is the difference between a tariff and a quota? O In case of a tariff the government gains revenue. 0 In case of a quota imports get reduced while in case of a tariff they do not. Q In case of a quota domestic producers lose. 0 In case of a tariff consumers lose, while in case of a quota they do not

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_2

Step: 3

blur-text-image_3

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

Principles of Microeconomics

Principles of Microeconomics

Authors: N. Gregory Mankiw

8th edition

1305971493, 978-1305971493

More Books

Students also viewed these Economics questions

Question

★★★★★
The trial balance of Kaplan Printing at December 31, 2014, appears below. The data needed for the month-end adjustments follow the trial balance. Adjustment data: a. Unearned printing revenue still...

Answered: 1 week ago

Question

★★★★★
Construct an ANOVA table for these one-way classifications. Provide a formal test of : ... 0 1 2 H k m 5m 5 5m including the rejection region with a 5.05. Bound the p-value for the test and state...

Answered: 1 week ago

Question

★★★★★
Psychological issues associated with officiating/refereeing

Answered: 1 week ago

Question

★★★★★
Burr Motor Company, a manufacturer of small- to medium-sized electric motors, needs additional funds to market a revolutionary new motor. Burr has arranged for private placement of a $50,000,...

Answered: 1 week ago

Question

★★★★★
2. Neural Networks (8 points) Consider a two-input XOR function realized by a 2-layer Perceptron neural network as shown in Figure 3. The neuron model expressed as 0(x) = sgn(w.t), (1 0= 0 otherwise...

Answered: 1 week ago

Question

★★★★★
Alberto, a carpenter, was hired by Raul for the building season, through September 30 when his employment would end. During the summer Alberto regularly charged items on Raul's account at the lumber...

Answered: 1 week ago

Question

★★★★★
An archer wants to test the speed of his shot (arrow) using limited sources. During the experiment, he hits a solid ball made up of clay soil having mass 0.4 kg kept at a height of 80 m on the...

Answered: 1 week ago

Question

★★★★★
The term (2 points) refers to a broad range of tools and activities used to explore big data in order to make forecasting models that will inform decision-making. a) Information system b) Knowledge...

Answered: 1 week ago

Question

★★★★★
Jim decided to sell his business because he wanted to retire. Through their lawyers, Mike agreed to buy Jim's business for $500,000. A certified cheque was specified as the method of payment for the...

Answered: 1 week ago

Question

★★★★★
Cash flow analysis. Kary Kinnard has an opportunity to open a franchised pizza outlet. He can lease the building, so he needs to invest only in equipment, which he estimates will cost $60,000. For...

Answered: 1 week ago

Question

★★★★★
an. c. Musk does not want to have to meet all the requirements necessary for a public stock offering. Which exemption from the public offering registration requirements of the Securities Act of 1933...

Answered: 1 week ago

Question

★★★★★
Malala Yousafzai Social Change X HUB Quizzes - MCV4U1-91-CALCUL X Homework Help - Q&A from Or X G State a single vector equivalent X + C a...

Answered: 1 week ago

Question

★★★★★
Personal role: This consists of service to family and friends.

Answered: 1 week ago

Question

★★★★★
The role of life: It consists of your own service to yourself.

Answered: 1 week ago

Question

★★★★★
Competence: What knowledge, skills and attitude do I have towards what I am going to do?

Answered: 1 week ago

Previous Question Next Question