An import quota is - Study guides, Class notes & Summaries

International Business Exam 2 with Certified Solutions Free Trade When governments do not attempt to restrict what citizens can buy from another country or what they can sell to another country. Tariffs Taxes levied on imports that effectively raise the cost of imported products relative to domestic products. Specific Tariffs Levied as a fixed charge for each unit of a good imported Ad Valorem Tariff Levied as a proportion of the value of the imported good Subsidies Governmen...

WGU C211 OA Global Economics Exam Latest (2024 / 2025) (Verified Answers) Suppose that the United States imposes a tariff on avocados imported from Mexico. What impact will this have on the price paid for avocados by United States citizens? - ANSWERS The price will increase. Which of the following is a consequence of a country imposing a tariff on imported goods? - ANSWERS The demand for foreign produced goods decreases. Suppose that the United States imposes a tariff on salt. What ...

WGU C211 OA Global Economics Exam Latest (2024 / 2025) (Verified Answers) Suppose that the United States imposes a tariff on avocados imported from Mexico. What impact will this have on the price paid for avocados by United States citizens? - ANSWERS The price will increase. Which of the following is a consequence of a country imposing a tariff on imported goods? - ANSWERS The demand for foreign produced goods decreases. Suppose that the United States imposes a tariff on salt. What ...

Specific Tariff correct answers levied as a fixed charge for each unit of a good Ad Valorem Tariff correct answers levied as a proportion of the value of the imported good Subsidies correct answers gov't payments to domestic producers import quotas correct answers restrict quantity that may be imported into a country tariff rate quotas correct answers lower tariff applied to imports within quota than those over the quota quota rent correct answers extra profit that producers ma...

WGU C211 OA Global Economics Exam Latest (2024 / 2025) (Verified Answers) Suppose that the United States imposes a tariff on avocados imported from Mexico. What impact will this have on the price paid for avocados by United States citizens? - ANSWERS The price will increase. Which of the following is a consequence of a country imposing a tariff on imported goods? - ANSWERS The demand for foreign produced goods decreases. Suppose that the United States imposes a tariff on salt. What ...

Suppose that the United States imposes a tariff on avocados imported from Mexico. What impact will this have on the price paid for avocados by United States citizens? - correct answer The price will increase. Which of the following is a consequence of a country imposing a tariff on imported goods? - correct answer The demand for foreign produced goods decreases. Suppose that the United States imposes a tariff on salt. What impact might this tariff have on the price for domestic cons...

Voluntary exchange benefits all parties if (a) it results in a lower price than the buyer's opportunity cost of producing the good themselves. (b) at least one party is indifferent between trading and not trading. (c) anyone who did not expect to gain would refuse to make the exchange. (d) gains from trade are equally divided among those making the exchange. correct answers C Tom and Jerry each run their own business, and both work eight hours a day. Tom can produce six units of goods ...

Globalization can be viewed as: 1. a new force sweeping through the world in recent times. 2. a long-run historical evolution since the dawn of human history. 3. a pendulum that swings from one extreme to another from time to time. Which are the three views of globalization? A recent force, a long-running evolution, and a pendulum An import quota is: restriction on the quantity of imports that can be brought into a country. Examples of nontariff trade barrier (NTB) Import quotas L...

true or false all operators produce an int output - False Match the following operators with their respective description: 1. Greater Than or Equal to: 2. Less than 3. Not Equal To 4. Greater Than 5. Equal to 6. Less than or Equal to - >= < != > == <= Steve Jobs Wrote some Python code to determine if Apple met its quota for the Apple Newton. What does his code below output. quota = newton = 500000 print("Welcome to Mac")if newton < quota: print("Apple di...

WGU C211 OA Global Economics Exam Latest (2024 / 2025) (Verified Answers) Suppose that the United States imposes a tariff on avocados imported from Mexico. What impact will this have on the price paid for avocados by United States citizens? - ANSWERS The price will increase. Which of the following is a consequence of a country imposing a tariff on imported goods? - ANSWERS The demand for foreign produced goods decreases. Suppose that the United States imposes a tariff on salt. What ...