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STALIN [3.7K]
3 years ago
13

Who gains and who loses when a country imposes a tariff or a quota on imports of a​ good? Suppose the United States imposes a

tariff or quota on sugar imports. For each of the​ following, enter the letter G if it will gain from the tariff or quota or enter the letter L if it will lose from the tariff or quota. Domestic sugar producers and their workers ▼ G L Consumers ▼ G L Industries that use sugar and their workers ▼ G L The U.S. economy ▼ G L
Business
1 answer:
nikklg [1K]3 years ago
7 0

Answer:

  1. Domestic sugar producers and their workers GAIN because they can sell their products at higher prices and therefore make higher profits.
  2. Consumers LOSE because they will pay a higher price for sugar and other products that use sugar as a key input, e.g. candy
  3. Industries that use sugar and their workers LOSE because they need to pay higher prices for a key input like sugar.
  4. The U.S. economy LOSE because it reduces jobs in other industries that use sugar as a key input, e.g. candy industry, bakeries, pharmaceuticals, beer brewers, etc. (a lot of industries use sugar in their manufacturing processes). When jobs are reduced, the whole economy suffers since consumption falls and social costs increase.

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Entertainment can be separated from marketing activities and appeal of entertainment can be used to achieve different goal. Entertainment can only be used for holding attention and interest of audience that would be the consumer or it gives pleasure or delight. It is an idea or task which is developed for keeping attention of audience and this process is accelerated by entertainment industry in order to sell entertainment product. But according to psychologists entertainment is just attainment of gratification and no other result or measurable benefits can be achieved by entertainment and role of entertainment ends here. Marketing begins with encouraging people towards purchasing the commercial product. Behind the scenes tactics like advertising, production, placement and pricing incorporated in marketing. Main objective of marketing is attracting consumers towards the product or services provided by the organization. While entertainment just hold attention and interest of consumers and it is the line between..The central idea behind marketing is the idea that a firm or other entity will create something of value to one or more customers. The end objective of marketing is selling a product and in this case we presume marketing means advertisement.

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