Various parties occasionally call for import limits or levies on foreign produced items , most notably automobiles, so how these likely to be beneficial or harmful
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Various parties occasionally call for import limits or levies on foreign produced items , most notably automobiles, so how these likely to be beneficial or harmful ?
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- Define tariffs?Tariffs reallocate income from consumers to producers and the government”. Do you agree or disagree with this statement? Please explain.Outline and explain the reasons for International Trade. Critically discuss the economic rationales for Governments to intervene in the international trade which would affect their country. Explain the concept of a trade embargo and its effect on the country where the embargo has been placed. Please provide examples to justify your points for each section.
- Write down the types of trade restrictions.I have the answer but can you change it and add more information if neede whose interests should be the paramount concern of government trade policy—the interests of producers (businesses and their employees) or those of consumers? Defend your answer! Government trade policy should be concerned with consumers more , because if trade policy favour producers and protect them from foreign competiiton, producers will not try to innnovate in absence of competition from better foreign goods as well as they may charge higher price and exploit consumers. If trade policy is concerned about consumers and open the trade, new goods will be imported at lower price and consumers will have more options. i know employees of the business may get hurt due to the increase in import and they may loose their jobs due to less demand for domestic goods. but when trade is opened, MNCs also enter the domestic market which may increase job opportunities for class of labor or employees. so Govt should favor…how to write business report for halal food to be exported to Dubai. Explain on the mode of entry and the external risk in doing business in Dubai
- How does the government control trade?Which of these scenarios describe circumstances of trade dumping? Note that all values are in United States (U.S.) dollars for ease of comparison and that there are no transportation costs. A French firm manufactures cheese for $5 per pound. They sell it in France for $7 a pound, but in the United States for $5 per pound. An Indian firm produces cars for $7,000 each and sells them in the United States for $6,000. A Chinese fish farm can produce Tilapia at $1 per pound, while U..S fish farms produce the fish at $4 per pound. Imports of Chinese Tilapia are sold in the United States for $3 per pound, undercutting domestic producers. A U.S. firm buys $100,000 shares in a Japanese electronics company and sells them for $80,000 two weeks later. Why might a firm engage in dumping? The firm is trying to improve relations with a foreign country government. The firm is reacting to market forces that have driven the price level to below production costs. The firm is trying to be an equal…