Export subsidy - Samenvattingen, Aantekeningen en Examens

HSC Economics Exam Questions With Answers Value of subsidy= =vertical distance between two supply curves Terms of trade= =Export price index Import price index X 100 Income output/ AD= =C+I+G+(X-M) Multiplier K= =1 1-MPC MPC= = Consumption Income (Y) GDP/Y= =k x AD Globalisation The integration btwn diff. countries & economies that leads to the increased impact of int. influences on all aspects of life and ec activity The global economy Ter...

In order to encourage the agricultural industry, the French government provided low-interest loans for the purchase of seeds and fertilizers. The government also gave cash grants and made tax reductions. Which instrument of trade policy is being used by the French government? tariffs voluntary export restraints subsidies local content requirements import quotas ~~> subsidies A(n) ________ refers to the extra profit that producers make when supply is artificially limited by an ...

HSC Economics Exam Questions With Answers Value of subsidy= =vertical distance between two supply curves Terms of trade= =Export price index Import price index X 100 Income output/ AD= =C+I+G+(X-M) Multiplier K= =1 1-MPC MPC= = Consumption Income (Y) GDP/Y= =k x AD Globalisation The integration btwn diff. countries & economies that leads to the increased impact of int. influences on all aspects of life and ec activity The global economy Ter...

Foreign producers agree to ________ imposed by an exporting country because they fear more damaging punitive tariffs or import quotas might follow if they do not. voluntary export restraints tariff rate quotas quota rents export bans Dumping - ️️voluntary export restraints High tariff barriers and subsidies in the agricultural industry ultimately lead to the lack of overproduction of products. an increased volume of agricultural trade. increased prices for consumers. stronger comp...

HSC Economics Exam Questions With Answers Value of subsidy= =vertical distance between two supply curves Terms of trade= =Export price index Import price index X 100 Income output/ AD= =C+I+G+(X-M) Multiplier K= =1 1-MPC MPC= = Consumption Income (Y) GDP/Y= =k x AD Globalisation The integration btwn diff. countries & economies that leads to the increased impact of int. influences on all aspects of life and ec activity The global economy Ter...

1. define Globalisation the process through which nation- al economies, societies and cultures are becoming increasingly intercon- nected through global networks of trade, communication, transportation and immigration 2. where are levels of globalisation the highest 3. where are levels of globalisation the lowest 4. 3 Key Characteristics of Globalisa- tion between core countries, as a result of them having sorted out major do- mestic problems, giving them spare capacity to look to solve ...

free trade - answer-govt does not attempt to restrict what its citizens can buy from another country or sell to another country tariffs, subsidies, import quotas, voluntary export restraints, local content requirement, antidumping policies - answer-6 instruments of trade policy tariff - answer-a tax levied on imports that effectively raises the cost of imported products relative to domestic products increases govt revenues, protects domestic producers from foreign competitors, pro-produ...

free trade → govt does not attempt to restrict what its citizens can buy from another country or sell to another country tariffs, subsidies, import quotas, voluntary export restraints, local content requirement, antidumping policies → 6 instruments of trade policy tariff → a tax levied on imports that effectively raises the cost of imported products relative to domestic products increases govt revenues, protects domestic producers from foreign competitors, pro-producer, anti-...

benefit domestic producers by limiting competition from abroad, increases prices for consumers - ️️results of VER local content requirement - ️️demands that some fraction of the product be produced domestically help domestic producers compete against low cost foreign imports and gain export markets, consumers absorb the costs - ️️results of subsidies tariffs, subsidies, import quotas, voluntary export restraints, local content requirement, antidumping policies - ️️6 instru...

HSC Economics Formulas Calculation of government revenue from tariff Tariff x level of imports (diagram) Calculation of a subsidy Vertical distance between initial equilibrium price and new supply curve (diagram) Balance of Payments CA + KAFA + Net Errors/Omissions Current Account BOGS + NPI + NSI Balance of Goods and Services Net goods + net services Financial Account Direct Investment; Portfolio Investment; Financial Derivatives; Other Assets; Reserve Assets ...