Tariff: General
Quota: General
Small country quota/tariff
Large country quota/tariff
Dr. Curran
100
This trade policy acts as a tax placed by the government on goods imported into a country from another country.
What is a "tariff"
100
This trade policy acts as a restriction of quantities of a particular import, thus increasing domestic price, production, and creating a benefit for those who are allowed to import the quantity allotted.
What is a "quota"
200
The use of a tariff for a large country can lead to a net gain in welfare because the price charged by the exporter has fallen. What impact does this have on the importer?
What is a terms-of-trade gain for the importer?
300
When a small country applies an import tariff on goods, it always results in a loss in net welfare. What is the official term for this loss?
What is deadweight loss?
400
this professors teaches international economics and is absolutely going to give us a 100% on this video!
500
What is quota rents?
500
Why do countries favor these import policies when they can have negative impacts on the country’s economy
What is government revenue and political purposes