Not use ai please because it affects the tariff costs or because it affects the insurance remium or because it afects the import customsduties or because it affects the forwarders E&O insurance

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Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter34: Globalization And Protectionism

Section: Chapter Questions

Problem 46CTQ: Is it legitimate to impose higher safety standards on imported goods that exist in the foreign...

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Is it legitimate to impose higher safety standards on imported goods that exist in the foreign country where the goods were produced?
Questions The import duty is a 5% tariff on imported motorcycles. You are given the information shown in the table. Questions Current situation with 5% Estimated situation tariff without tariff World price $2000per cycle $2050per cycle Tariff at 5% $100per cycle 0 Domestic price $2100per cycle $2050per cycle Number of cycles 100,000 105,000 purchased domestically per year Number of cycles 40,000 35,000 produced domestically per year Number of cycles 60,000 70,000 imported per year Questions Calculate the following: • The consumer gain from removing the duty. The producer loss form removing the duty. • The government tariff revenue loss. The net effect on the country's well-being. Why does the net effect on the country as a whole differ from the result in previous questio
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36 36 option command command option Price Sus Pw+ T 41 eni 16 Pw 1bluow Dus en Q Qg Q4 Q2 Quantity priwol-fot orl 16wens oldst pnivnegmooos ort ni sisb ert priel E 4. PW is the world price and PW + T is the world price plus a tariff. Identify the following: a. The level of imports at PW b. The level of imports at PW + T c. The loss in consumers' surplus as a result of a tariff d. The gain in producers' surplus as a result of a tariff e. The tariff revenue received by the government as a result of a tariff f. The net loss to society as a result of a tariff g. The net benefit to society of moving from a tariff to no tariff boop eshiouo
2
Write each countries change in demand.
Under open trade, what will be the international price and quantity traded? (a) $8 and 12 units. (b) $9 and 18 units. (c) $11 and 15 units. (d) $11 and 9 units.
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For The Canadian Company Embridge choose a country that it exports to (do not chose the U.S.A.) Developan understanding of this foreign country’s trade partnership with Canada by answering the following questions.1. How significant is this country to Canada’s overall trade picture?2. Is it a risky market?3. Is there an imbalance in trade (imports/exports)?4. Is there something unique about doing business with this country?5. How is the country’s economy changing?Resources: Use www.cia.gov/the-world-factbook/ orhttps://wits.worldbank.org/CountrySnapshot/en/CAN
With the $20 tariff, what is the 'new' price in the domestic contact lens market? Price Quantity Supplied Quantity Demanded World Price World Price + Tariff 0 0 240 100 120 20 20 220 100 120 40 40 200 100 120 60 60 180 100 120 80 80 160 100 120 100 100 140 100 120 120 120 120 100 120 140 140 100 100 120 160 160 80 100 120 180 180 60 100 120 200 200 40 100 120 220 220 20 100 120 240 240 0 100 120

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because it affects the tariff costs or because it affects the insurance remium or because it afects the import customs duties or because it affects the forwarders E&O insurance