policy to evaluate each of the following statements: a. “An excellent way to reduce unemployment is to enact tariffs on imported goods.” b. “Tariffs have a more negative effect on welfare in large countries than in small countries.” c. “Automobile manufacturing jobs are heading to Mexico because wages are so much lower there than in the United States. As a result‚ we should implement tariffs on automobiles equal to the difference between US and Mexican wage rates.” Exercise 7.2 Home and Foreign
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PRELIMINARY COUNTRY PAPER OF ETHIOPIA ON COMPETITION REGIME: CAPACITY BUILDING ON COMPETITION POLICY IN SELECT COUNTRIES OF EASTERN AND SOUTHERN AFRICA (7UP 3 PROJECT) BY GEBREMEDHINE BIREGA[1] AHa ETHIOPIAN CONSUMER PROTECTION ASSOCIATION (AHa ECoPA) TEL. 251-1-57 09 58 CELL 251-9-63 89 05 FAX 251-1-57 56 22 P.O.BOX 27906 ADDIS ABABA‚ ETHIOPIA E-mail : gebremedhinbirega@yahoo.com General Background Ethiopia is one of the oldest independent countries in the
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Summaries Article 1 Mai‚ C.-C.‚ Peng‚ S.-K.‚ & Tabuchi‚ T. (2008). Economic geography with tariff competition. Regional Science and Urban Economics‚ 38(5)‚ 478-486. Tariff works as a tool to have government’s control over the trade .With the help of this tool a country can increase its net revenue and maintain a healthy competition in local market but high tariff repels the foreign firms sometime. Possible benefits: 1. Homegrown manufacturer’s ability to compete on price 2. Raise
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kinds of duty‚ including: Import Duty‚ Extra Duty‚ and Value Added Tax. Regardless of how strict Vietnam taxation policy is‚ the accession agreement which was compulsory for Vietnam to become WTO’s member in 2007 obliged Vietnam to lower its import tariffs and to welcome foreign investments in most commercial sectors of the economy. Certain sectors are partly protected against foreign competition in an interim period‚ but from 2012 respectively 2014 all sectors of the economy must welcome foreign goods
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or other criteria of the item such as its size. Also referred to as customs duty‚ tariff‚ import tax and import tariff. Import duty is the application of a duty against goods and services from a foreign supplier. It is a tax on the value of imported goods‚ which raises their price to consumers. Governments introduce tariffs to protect certain industries from competitive imports. The positive effects of import tariffs are felt mainly by local producers of the same goods‚ while the negative effects
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Asian Nations (ASEAN) was established on 8 August 1967 in Bangkok‚ Thailand ASEAN Declaration Founding Fathers of ASEAN (5 countries) Today – 10 Member States NAFTA The North American market increased‚ create a free trade‚ elimination of tariff barriers North American free Trade Agreement (NAFTA)was formed on 1 January 1994 Richest market in the world – Canada‚ United States‚ Mexico MERCOSUR Countries common values of economic development‚ the fight against poverty‚ sustainable development
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unique individual serial number‚ and the first four digits are the meter code followed by a six digit serial number. 3 LCD This is the display which shows the total electricity consumption‚ and for the smart power tariff‚ it will also display the electricity consumption of the different tariff rates. The meter is also programmed to display the time and date. 4 Test LEDs (Wh and VArh) The light (LED) will pulse (on & off) when electricity is being used‚ and these pulses get faster as electricity consumption
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collision of many countries’ economy‚ they have different perspectives on economy based on different countries’ benefits. In order to maximize their own countries’ interest or protect peace‚ government would like use tools such as economic sanctions‚ tariffs‚ quotas. This paper will explore what economic restriction is‚ how economic restriction affect the U.S economy‚ and how the government use it. What is economic restriction
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A landmark review by the productivity commissions last year gave “in-principle” support for cutting the threshold but found it did not yet make economic sense. Economically‚ this has many effects and can be broken down into three major areas: tariffs‚ deadweight loss‚ and gross domestic profit (GDP). As a workforce becomes more educated and its technology more expansive‚ labour costs will increase. Due to this‚ the world price for goods and services sold in Australia is lower due to these
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trade? When the price is 2‚ The cloth will be consumed 12 tons‚ and produced 0 tons. So the U.S. market is shortage and should import (12-0) 12 tons. c) Now assume the US imposes a tariff of 50% on the world price‚ how much cloth will the US consume‚ produce and import with tariff? When the tariff is 50%‚ the total price of cloth in the U.S. market is (2+2*50%)=3‚ The cloth will be consumed 10 tons‚ and produced 4 tons. So the U.S. market is shortage and should import (10-4) 6 tons
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