Elucidate the various trade which enacted by governments
Elucidate the various trade which enacted by governments?
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1. Protective tariffs are excise taxes or duties on imported goods. Governments enact these tariffs to protect domestic producers by making foreign goods more expensive.
2. Import quotas are maximum limits on the number or total value of specific imports. Once quotas are filled, no more imports are allowed into the country.
3. Nontariff barriers include licensing requirements, unreasonable standards, and unnecessary bureaucratic “red tape.”
4. Governments have used export subsidies to promote the sale of products aboard.
Janet has loaned a start-up coffee house $50,000 and predicts to earn interest from her financial investment. In circular flow model this transaction is an illustration of: (1) An exchange of her saving for interest, via a resource market for the economic capital. (2)
Elucidate the growth record of the United States?
The expected losses to workers by shirking are increased while a firm adopts a policy of: (1) dividing productive tasks therefore the division of labor is optimal. (2) paying efficiency wages that exceed market-clearing wages. (3) avoiding legal liability from not wri
Cost of debt= (1-tax rate)* interest rate * (debt ÷capital employed)Cost of equity = risk free rate + market premium (equity shareholders funds÷ capital employed)
Question: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments." Briefly comment on this
Illustrate “Other Things Equal” Revisited in Supply and Demand, and Equilibrium?
The advocates of laissez-faire policies favor: (i) Govt. control of economy. (ii) Public ownership of all the resources. (iii) Income to be distributed according to requirement. (iv) Surpluses in the balance of trade. (v) Minimal govt. intervention in economy.
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Enumerate and briefly discuss the main economic functions of government. Which of these functions do you think is the most controversial? Why?
Just need help to see if I am in the right direction if there any think wrong need help with it.
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