Answer: Tariffs increase the prices of imported goods. Because of this, domestic producers are not forced to reduce their prices from increased competition, and domestic consumers are left paying higher prices as a result. When a large importing country places a tariff on an imported product, it will cause the foreign price to fall. The tariff will reduce imports into the domestic country, and since its imports represent a sizeable proportion of the world market, world demand for the product will fall. The effects of tariffs are more transparent than quotas and hence are a preferred form of protection in the GATT/WTO agreement. A quota is more protective of the domestic import-competing industry in the face of import volume increases. A tariff is more protective in the face of import volume decreases. Tariffs bring about higher prices and revenues to domestic producers and lower sales and revenues to foreign producers. Like tariffs, import quotas restrict imports, lowering consumer surplus and preventing countries from fully realizing their comparative advantage.
Explanation:
Answer:
$34,263.69
Explanation:
This is a time value of money(TVM) question. Since the $300,000 is at the start of the retirement. That would be the present value of the annuity payments. So, using a financial calculator, input the following;
Present value; PV = -300,000
Total duration; N = 18
Interest rate; I/Y = 9%
Onetime future value ; FV = 0
then compute recurring payment ; CPT PMT = 34,263.687
Therefore, her yearly annuity for the next 18 years will be $34,263.69
The answer is deregulation. It removes restrictions from laws for to allow competition among the industries and set into the market. However, based on experience, industries, and investments suffered from this set-up. The government stopped it after the mortgage crisis last 2007.
It was also found out that is is difficult to apply because of existing monopolies that can control prices in the market.
