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Explain briefly the effects of tariffs and quotas on domestic consumption, production
and prices.
A tariff is a tax imposed on imports and quota is a numerical limit on how much of a product can be imported into a country from abroad. The additional...
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Why would the supply of the pound increase if people at home are swapping their currency for other people's currency?
Supply of the currency is the entire stock of currency in a country's economy as of a particular time. So, if people want to swap their currency for other people's currency they...
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Inflation is likely to...
1.reduce the cost of living.
2.raise the standard of living.
3.reduce the purchasing power of a currency.
4.increase the purchasing power of a currency.
Inflation is likely to:1. Reduce the purchasing power of a currency.
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. Inflation is likely to…
[1] reduce the cost of living.
[2] raise the standard of living.
[3] reduce the purchasing power of a currency.
[4] increase the purchasing power of a currency.
Inflation is likely to reduce the purchasing power of a currency.
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Graphically show the impact of tariffs on supply and demand
Tariffs reduce quantity demanded, the amount of imported quantity supplied by raising prices, but increase the domestic production.
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MC 2) The Ricardian model suggests that real wages increase along with a country’s a) comparative advantage b) absolute advantage c) endowment of capital d) use of prohibitive tariffs
a) comparative advantage
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Using your understanding of exchange rates and international currency, explain why the Austrian government would decide to ban the stamp script currency. [A] (200 Words)
Silvio Gesell proposed a system of stamped money in order to accelerate monetary circulation and to free money from interest. This was part of a global socialist system intended to...
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If international price decreases, and you are consumers, which policy would you prefer to, unchanged tariffs or unchanged import quotas?
I would prefer unchanged import quotas, since if I were a consumer, then lower prices would be more profitable for me than a fixed tariff.
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Name the countries that border Russia.
Norway Finland Estonia Latvia Lithuania Poland Belarus Ukraine Georgia Azerbaijan Kazakhstan China Mongolia North Korea It also borders some breakaway states like Abkhazia, South Ossetia, Donetsk, and Luhansk.
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What occurs as a part of primary treatment and secondary treatment of sewage treatment plant??
Sediments and other sludge, oils and grease are separated from the sewage at the primary treatment, where sewage is cleansed from these. The degradation and removal of biological content occurs...
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