1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yawa3891 [41]
4 years ago
12

Assume an economy is currently engaged in free trade but considering implementing a tariff on its main import, athletic shoes. W

ith a tariff, price stays the same, decreases, increases, domestic production decreases, stays the same, increases, imports decrease, stay the same, increase, and the producer surplus decreases. stays the same. increases.
Business
1 answer:
UNO [17]4 years ago
7 0

Answer:

Price - increase

Domestic production- increase

Import- reduces

Producer surplus- increase

Explanation:

A tariff is a form of tax on import or export.

When a tariff is imposed on a good , the price of the good increases.

As a result of the tariff , the amount of the goods imported falls as the imported good is now more expensive. The quantity produced by domestic producers increases as consumers would now start demanding for the domestic good. Tariffs are sometimes enacted to discourage importation and encourage domestic production.

As a result of the price increase, producer surplus increases. The increase in price also increases output. The producer surplus is the difference between the price of a product and the least amount the producer is willing to sell his product.

I hope my answer helps you.

You might be interested in
Please study the case about the "Time Warner Cable" on page 467 and write an analytical and evidence based paper of minimum five
-BARSIC- [3]

American cable television company Time Warner Cable (TWC), also known as Time Warner, was founded by William Time Warner in 1983.

After Comcast, it was the second-largest cable company in the United States, operating in 29 states before being acquired by Charter Communications. New York City's Time Warner Center served as the company's corporate headquarters, with additional offices in Stamford, Connecticut, Charlotte, and Herndon.

Time Warner and America Online merged on January 10, 2000, creating the largest company in history. When Time Warner and AOL were combined as a media conglomerate (Bagdikian), Time Warner was worth $163 billion and AOL was worth $120 billion (Bagdikian). Aspire to Time Warner, and you'll be on your way! A 6 percent increase over 2003 earnings brought in $42.089 billion in revenue in 2004. (Gohring).

Due to the nature of the publishing industry, Time Warner's publishing division generates a small amount of revenue. Small, niche audiences are the focus of magazine businesses. Since Time Warner owns over 100 magazines, it may not make a lot of money (relatively) from its publishing activities.

Time Warner's filmed entertainment business is at the other end of the revenue spectrum. About 26 percent of Time Warner's revenue came from film ventures in 2004. The major producers are Warner Bros. and New Line Cinema.

Because a film's distribution must go through before it can be released the  Five years ago, the DVD sales of current and past television shows were non-existent.

The DOJ declined the request. It's no secret that Time Warner Inc. has been a hot topic in recent years.

Businesses that operate at different points in the supply chain are brought together in a vertical merger. As a general rule, antitrust enforcers treat vertical mergers more leniently than horizontal mergers between direct competitors. Due to the absence of a competitor after a vertical merger, their ability to reduce competition in the market is less clear.

AT&T and Time Warner closed their deal two days after Judge Lyon's ruling, and the DOJ announced it would stay Judge Lyon's decision pending a possible appeal. Installation is not required. It was only after AT&T sent the DOJ a letter requesting that the parties meet before February 2019 or until the conclusion of an appeal that the DOJ agreed to this.

Judge Lyon's ruling changed certain facts and evidence, but it should not be interpreted as removing all antitrust barriers to a vertical merger. A vertical merger based on competition is difficult to challenge, but this case illustrates the difficulty of doing so. There is no presumption of loss in a vertical merger, as Judge Lyons noted in his opinion.

In order for small businesses to be successful, they must take advantage of new technology "Group Vice President for Small Business, Time Warner Cable Business Class, Maureen said. "In order to meet the growing demands of today's consumers, small business owners are being stretched and pushed to their limits. Customers can deliver a memorable experience while maintaining their trust and business with the help of modern technology deployments and services.

Security remains a top priority, and small business owners must be educated on the offers and benefits of outsourcing security.

Securing their networks from external threats is the biggest technical challenge they face today, according to 27 percent of respondents to an online survey.

Thirty-three percent of small business owners currently manage their own network security solutions, while forty percent use third-party managed security solutions for their network.

Today, small business owners face a variety of technical challenges, including

According to 32 percent of business owners, the biggest challenge they face is keeping up with the latest technology and trends.

27 percent of respondents cited slow internet as a major challenge today.

A staggering 26 percent of small business owners have a difficult time backing up their data.

A division of Time Warner Cable, Time Warner Cable Business Services offers a full range of business communications equipment to small, medium, and enterprise-sized businesses. Supplements are available from this company. Their award-winning customer service and local support teams make their Internet, voice, television, network, and cloud services even more appealing to customers.

Additionally, Time Warner Cable Business Services offers scalable managed services, primarily in the United States and the United Kingdom Application Services, Enterprise Hosting, and Managed Cloud Services are among the Time Warner Cable Business Services.

Learn more time warner cable impact the operations and decisions.

brainly.com/question/14950352

8 0
3 years ago
If the federal reserve increases the interest rate on bank deposits at the fed, banks will want to hold question 4 options: fewe
Annette [7]
If the federal reserve increases the interest rate on bank deposits at the fed, banks will want to hold <span>more reserves, so the reserve ratio will rise.</span>
4 0
3 years ago
Suppose the domestic price (without international trade) of copper is $1.20 per pound in the United States while the world price
Jlenok [28]

If  the world price is $1.00 per pound. Assuming the small-country model is applicable and no transportation costs, the United States will import copper.

<h3>What is import?</h3>

Import can be defined as the process of bringing in goods produce in another country into your own country so as to sale them in your own country.

Since the world price is $1.00 per pound and United states price is $1.20. If no transportation cost importing copper into United state will be the best choice as this will help to lower cost.

Therefore  assuming the small-country model is applicable and no transportation costs, the United States will import copper.

Learn more about import here:brainly.com/question/536549

4 0
2 years ago
The best example of marginal cost is the money paid in order to purchase.... a. one textbook for a science course. b. several hu
ruslelena [56]
The best example of marginal cost is the money paid in order to purchase <span>one textbook for a science course. The correct option among all the options that are given in the question is the first option or option "a". I hope that this is the answer that has actually come to your help.</span>
3 0
3 years ago
The types of resources needed by a business are financial, physical, and labor resources.
sukhopar [10]

Answer:

a. True

Explanation:

The above is true because financial resources are needed to enable a business meet up with its daily activities in terms of funding. Also, physical resources are buildings, machineries and assets in general which are required to carry a business daily operations. The labor resources, which is the most important resources are the workforce that carry out the day to day operations of a business.

8 0
3 years ago
Other questions:
  • A 6-year circular file bond with a face value of $1,000 pays interest once a year of $80 and sells for $950.
    8·1 answer
  • The price of a European call option on a non-dividend-paying stock with a strike price of $50 is $6. The stock price is $51, the
    13·1 answer
  • I need to find a financial institution (just the website) that will give me information on shares, security trusts and RSA retai
    11·2 answers
  • A _____ is the vision of the business an entrepreneur wants to start or how to improve an existing business.
    8·1 answer
  • On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,764. Cash receipts yet to be de
    12·2 answers
  • During 2016, Monty Corporation spent $156,960 in research and development costs. As a result, a new product called the New Age P
    10·1 answer
  • Southwest Airlines uses many different methods to generate extensive information about its customer base, and then it uses this
    5·1 answer
  • Shawn and Harry signed a contract for Shawn to build a house for Harry according to the specifications provided by Harry. The co
    9·1 answer
  • Bill and Fred bake cakes and pies. Bill's opportunity cost of baking 1 pie is 5 cakes. Fred's opportunity cost of baking 1 pie i
    11·1 answer
  • If companies want to encourage people to stay in the workforce as they age, they can create jobs that involve more use of ______
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!