In simplest terms‚ a tariff is a tax. It adds to the cost of imported goods and is one of several trade policies that a country can enact. Tariffs are often created to protect infant industries and developing economies‚ but are also used by more advanced economies with developed industries. Here are five of the top reasons tariffs are used: Protecting Domestic Employment The levying of tariffs is often highly politicized. The possibility of increased competition from imported goods can threaten
Premium International trade Free trade
Quotas: From Discrimination to Democratic Legitimacy EARLY DRAFT – NOT FOR CITATION It is an established rule of U.S. constitutional law that the state cannot impose or pursue race or gender quotas.[1] In the private sector‚ an employer’s pursuit of numerically fixed race or gender balance is suspect under Title VII.[2] Under both bodies of antidiscrimination law‚ quotas are regarded as discrimination. If a civil rights initiative can be portrayed as encouraging employers to adopt quotas
Premium Affirmative action Discrimination
How do government tariffs impact on imported goods? What are the pros and cons of these tariff and what are the likely future trends. Tariff is tax that a government collects on goods coming into a country. It is a tax which is levied on imports across national boundaries or other geographical regions and exports in a few cases (Lv‚ 2000). Originally‚ applying tariffs was first based on financial purpose‚ so it is a regular but most significant source of fiscal revenue to governments. Generally
Premium Economics Marketing Supply and demand
An import quota is a limit on the quantity of a good that can be produced abroad and sold domestically. It is a type of protectionist trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time. If a quota is put on a good‚ less of it is imported. Quotas‚ like other trade restrictions‚ are used to benefit the producers of a good in a domestic economy at the expense of all consumers of the good in that economy. Import Quotas are a
Premium International trade Free trade Tariff
Sales quotas are quantitative goals set by managers to measure and compare the performance of individual salespeople and to help determine their compensation. Three major types of quotas are volume-based‚ profit-based and combination quotas‚ and all three can be used either for measurement or for compensation Read more: http://www.ehow.com/info_8664717_types-sales-quotas.html#ixzz2bRPvjhTyA sales quota is something used in many environments where goods or services are sold. It is essentially a
Premium Sales
Tariff Barriers to Trade Tariffs are taxes that government imposes on commodities‚ one of the methods that governments used to control economic activity. There are two identified reasons why would government impose tariffs to imported goods. Firstly‚ they are an important source of income for the government. Secondly‚ tariffs can protect the local industries that face competition from imported goods by imposing tariffs on imported goods. Tariffs are effective and widely used to protect the
Premium International trade Free trade Tariff
theory differs from Ricardian theory in explaining international trade patterns. This paper will also explain how the theory demonstrates how trade affects the distribution of income within trading partners. Then this paper will discuss the Leontief paradox challenge the overall applicability of the factor-endowment model. According to Staffan Linder‚ there are two explanations of international trade patterns—one for manufacturers and another for primary (agricultural) goods. Tariff Types The theory
Premium International trade
Should Australia reintroduce tariffs for the car industry? Australia’s automotive industry is a significant contributor and major employer to the national economy. But the economy is in crisis. The greatest problem for the automotive industry is the mindset of the cabinets. Cabinets became downright apoplectic and argue that tax payers should not support a failing industry‚ and they vehemently combat the automotive industry policy as a matter of principle. The truth is‚ Australia cannot afford
Premium Automotive industry Economics Tax
0. Understand the social as well as the personal losses due to traffic crashes. 0. Become better acquainted with certain crash prevention techniques. 0. Gain better understanding of our Florida Traffic Laws in respect to speed‚ signs‚ school buses and the consequences. 0. Learn the importance of safety equipment. 0. Learn what the affects of alcohol have on our driving capabilities. Course Outline Introduction(this module) - 5 minutes * PART 1 - TRAFFIC CRASH PROBLEM
Premium Traffic Road Accident
Tariffs in Chile From 1930 through 1960 the Chilean economy was highly protected with import and export quotas‚ import permits‚ tariffs‚ noninterest-bearing import deposits and multiple exchange rates imposed by the government. The Central Bank negotiated‚ with each importer‚ which exchange rate to apply to each transaction. Moreover‚ imports included only intermediate and capital goods and a few essential consumer goods. Guidelines to approve products from other countries were followed and several
Premium International trade Free trade