Purchase Solution

tariffs and quotas

Not what you're looking for?

Ask Custom Question

Who are the winners and losers when the government implements tariffs and quotas?

Purchase this Solution
Solution Summary

Who are the winners and losers when the government implements tariffs and quotas?

Solution Preview

The main beneficiaries of import tariffs and quotas are certainly the domestic businesses. The main purpose of such tariffs and quotas on imported goods by the government is to protect the domestic industries and businesses, as such tariffs and quotas provide acts as an advantage to the domestic entities against their foreign counterparts. ...

Solution provided by:
Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
Recent Feedback
  • "Thank you. "
  • "Thank you"
  • "Thank you. I got 20/20 last week for my discussion you help me out with."
  • "Thank you. Great Job. "
  • "Thank you. Great Job. "
Purchase this Solution
Free BrainMass Quizzes
Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

View More Free Quizzes
Related BrainMass Solutions

  • Quotas vs tariff dilemma

    569420 Quotas vs tariff dilemma Which measure causes the least damage economically and why? Import quotas vs. Tariffs Step 1 Import tariffs cause the least damage economically.

  • Imposition of tariffs and quotas are

    171798 Imposition of tariffs and quotas What parties benefit from the imposition of tariffs and quotas? What parties lose from the imposition of tariffs and quotas?

  • International Trade Tariffs and Quotas

    498769 International Trade Tariffs and Quotas Identify to what extent tariffs or quotas would affect international trade in whirlpools products. How would you pay for imports, receive payment for exports, and manage exchange rate risk?

  • tariffs, quotas

    442926 tariffs, quotas, etc Since the case for gains from trade for a country is strong, why do governments continue to attempt to reduce trade with tariffs, quotas, and the like?

  • What are voluntary export restraint (VER) agreements? Why do

    Why do some governments force foreign exporters into them instead of just using quotas or tariffs to restrict imports by the same amounts? Is it because VERs bring the importing country a bigger national gain than quotas or tariffs?

  • sanctions, tariffs, quotas, and trade restrictions

    How do international sanctions, tariffs, quotas, and trade restrictions affect international trade and costs of production? How do tariffs and sanctions on the import of auto engines into the U.S. affect production and costs at Acme?

  • Impact of trade barriers to international trade

    This solution discusses the impact that trade restrictions (tariffs and quotas) have on the price of imports, the quantity of imports, and the price of (import-competing) domestic goods.

  • Trade controls: Tariffs, Subsidies, and Quotas/Flex Exchange

    This is a negative for international trade, and affects the relationship of trading partners negatively. Quotas reduce the amount of international trade. Trade Barriers: Tariffs, Export Subsidies, and Quotas. (n/d).

  • Import quotas and tariffs

    Import quotas and tariffs http://pzacad.pitzer.edu/~lyamane/pr9tar.html 2. Quotas (diagram) http://faculty.uwb.edu/danby/bls324/restrict/qusm1.htm Import quotas and tariffs are assessed.

View More Related Solutions