Tariff and quotas are trade barriers that governments establish to protect national products. Tariffs are taxes imposed on imports and quotas are a limit on the quantity of a product that can be imported. These barriers are established when the government is willing to protect national producers when they are not able to compete with the low prices on the imported products. Also, the benefits of these restrictions are concentrated on the producers but its disadvantages affect all the consumers who have to buy products at a higher price. According to this, the answer is that tariffs and quotas are often imposed when a government is more responsive to producer interests, and the benefits of those trade restrictions are often concentrated.
Despite its many positive effects, industrialization had a negative impact on Europe too. Urban areas doubled, tripled, or quadrupled in size which led to overcrowding in cities. Cities were unsanitary and diseases filled the streets. There were no sanitation codes in cities.
The New Deal Roosevelt had promised the American people began to take shape immediately after his inauguration in March 1933. Based on the <u>assumption that the power of the federal government was needed to get the country out of the depression.</u>
Discrimination is the ability to distinguish between similar stimuli. In this problem, Calista reacts negatively to a typical doctor's office but does not have the same reaction in a dentist's office. This shows she only responds to certain stimuli and does not respond to those that are similar.
Fiscal policy directly affects the aggregate demand of an economy. Recall that aggregate demand is the total number of final goods and services in an economy, which include consumption, investment, government spending, and net exports. Fiscal policy has an effect on each of these categories.
