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olga2289 [7]
3 years ago
7

The main purpose of most tariffs and quotas is to

Business
1 answer:
jeka943 years ago
5 0

Answer: The main purpose of most tariffs and quotas is to reduce the foreign competition that domestic firms face.

Explanation: A tariff is a tax on imports and a quota is the quantity imported that is allowed. By putting a tax and quantity limit on imports, the United States is hoping to make more room for domestic products to be bought and sold. When items are imported from other countries, even with the tax they are usually cheaper than making them in house. By imposing the tax, they are trying to offset the cheap labor and make the items in the domestic country have a fighting chance. This is also said about quantity limit, if there wasn't a quantity on what may be imported, there would be too few firms able to compete.

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Option B.

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An economy is operating with output $400 billion above its natural level, and fiscal policymakers want to close this expansionar
antoniya [11.8K]

Answer: reduced by $80 billion

Explanation:

An expansionary gap is when the actual output is more than the potential output. From the question, we are told that an economy is operating with output $400 billion above its natural level, and fiscal policymakers want to close this expansionary gap and that the central bank agrees to adjust the money supply to hold the interest rate constant, so there is no crowding out.

We are also given the marginal propensity to consume is 4/5, and told that the price level is completely fixed in the short run.

To close the expansionary gap, the government would need to reduce its spending. To solve this, we have to calculate the multiplier. This will be:

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= 5

Therefore, the government expenditure or spending will be reduced by:

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=$80 billion

3 0
3 years ago
When diversified firms use the revenues from profitable businesses to subsidize the operations of another business and then set
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<u>Predatory</u>.

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This predatory pricing strategy is used when a company aims to create entry barriers for new competitors, significantly lower the price to gain new customers and drive competitors away. The cons of this strategy is that in addition to being illegal, lost revenue is not always recovered, and there are other factors that drive competitors away, not just price.

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