What is meant by the optimum tariff? What is its relationship to changes in the nation's terms
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Optimum tariff is the rate of tariff that maximizes the benefits ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Micro Economics questions
-
What is meant by the most-favored nation clause, and how does it relate to the tariff policies of the United States?
-
What is meant by the reference in Table 5.3-1 to an FAS 116 adjustment? How are contributions recorded? Is there a distinction between pledges receivable and accounts receivable? Are there...
-
What is meant by the consumption, production, trade, revenue, and redistribution effects of a tariff?
-
Prepare a set of profile leveling notes for the data listed and show the page check. All data is given in feet. The elevation of BM A is 1364.58, and the elevation of BM B is 1349.26. Rod readings...
-
An ideal gas undergoes a reversible isothermal expansion at 77.0C, increasing its volume from 1.30 L to 3.40L. The entropy change of the gas is 22.0 J/K. How many moles of gas are present?
-
Jackson, a U.S. company, acquires a variety of raw materials from foreign vendors with amounts payable in foreign currency (FC). The company needs to acquire 20,000 units of raw materials, and the...
-
20. Firm A has a stock price of \($40\) and has made an offer for firm B where A promises to pay $60/share for B, as long as As stock price remains between \($35\) and \($45\). If the price of A is...
-
Vermont Sky Tours is a small sightseeing tour company based in Burlington, Vermont. The firm specializes in aerial tours of the New England countryside during September and October, when the fall...
-
Part 2 : Problem Solving Use the following information regarding Miley Corporation to answer questions ( a ) and ( b ) . Miley Corporation had the following balance sheet data: ( a ) If the balance...
-
a. Prepare an integrated UML class diagram with classes, associations, and multiplicities. b. Using the preceding information and the following attributes list, prepare a listing of the relational...
-
Using general equilibrium analysis and assuming that a nation is large, indicate the effect of an import tariff on the nation's offer curve, the nation's terms of trade, the volume of trade, the...
-
Why are other nations likely to retaliate when a nation imposes an optimum tariff (or, for that matter, any import tariff)? What is likely to be the final outcome resulting from the process of...
-
1. List the factors that could slow down or reverse globalization. 2. State the basic globalization force that will probably not be overcome.
-
Units processed during September for material and conversion. Ask an instructor lock lock lock A 3 A copy Determine the cost per equivalent unit for material and conversion cost combined. copy...
-
12% of all college students volunteer their time. Is the percentage of college students who are volunteers different for students receiving financial aid? Of the 338 randomly selected students who...
-
Mervon Company has two operating departments: mixing and bottling. Mixing has 3 3 0 employees and Bottling has 2 2 0 employees. Indirect factory costs include administrative costs of $ 1 8 2 , 0 0 0...
-
XP Ltd. is a manufacturing company with high stock requirements. Management are currently considering their stockholding policy. The following information is available for one stock item, material...
-
Process Costing: weighted average method Required: make a cost of production report in good form. Cost of Production Report-Weighted Average First Dept- Gem Company applies 100% of materials at the...
-
Factor each polynomial. If a polynomial cannot be factored, write prime. Factor out the greatest common factor as necessary. y 2 4yz 21z 2
-
Transform the while loop from the previous exercise into an equivalent for loop (make sure it produces the same output).
-
Explain: (a) How economic conditions today differ from those prevailing under the gold standard period. (b) Why the different economic conditions today would make the reestablishment of a smoothly...
-
Explain with respect to the Bretton Woods system: (a) The immediate cause of its collapse. (b) The fundamental cause of its collapse.
-
Explain briefly the operation of the present international monetary system.
-
Which of the following statements is not true regarding the $500 credit for dependent other than a qualifying child credit. Cannot be claimed on the same tax return if the child tax credit is also...
-
Grind Co. is considering replacing an existing machine. The new machine is expected to reduce labor costs by $127,000 per year for 5 years. Depreciation on the new machine is $57,000 compared with...
-
If John invested $20,000 in a stock paying annual qualifying dividends equal to 4% of his investment, what would the value of his investment be 5 years from now? Assume Johns marginal ordinary tax...
Study smarter with the SolutionInn App