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1 What is meant by this statement Quotas are hidden tax on consumers whereas tariffs are a more obvious one?
Wiki User
∙ 15y ago
Tariffs are active taxes which are reflected in the price. Qoutas restrict supply consequentially which send market prices up higher
Wiki User
∙ 15y ago
Anonymous
by this statement Quotas are hidden tax on consumers whereas tariffs are a more obvious one?
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What is the difference between cash and price?
Price is the amount consumers pay to acquire a good or service whereas cost is the amount used to produce a service or good. Cash is the money in your pocket.
In economics what is a normative statement?
A normative statement in economics is like a normative statement in any other academic subject--it is a statement about something with an implicit value judgment or moral claim. It is distinct from a descriptive statement that is supposed to be value/ideologically neutral. For example, a descriptive statement in economics could be something like, 'Social Security is set to go bankrupt by 2050.' Whereas a normative statement would be something like, 'Social Security is set to go bankrupt by 2050 and thus must be saved to prevent a huge boom in elderly poverty.'
Distinguish between demand estimation and demand forecasting?
Demand estimation's purpose is to determine the approximate level of demand for the product whereas demand forecasting's purpose is to estimate the quantity of product or service that consumers will purchase.
How are multiple decisions different from nested decisions?
In order to achieve multiple decisions in a program, you have to join multiple IF statements and use the AND logic to determine if they are true of false, whereas in a nested decision, only one statement must be true in order for it to move forward or End. If (applicant >= 21) AND (applicant <= 19) then add 1 to hireList Else add 0 to hireList End if IF condition1 THEN IF condition2 THEN ASP Statement(s) for when condition2 is met ELSE ASP Statement(s) when this condition2 is NOT met END IF END IF
Differences between GDP deflator and the CPI?
Two differences: 1) GDP Deflator reflects prices of all goods and services produced within the country, whereas CPI reflects the prices of a representative basket of goods and services purchased by the consumers. 2) CPI uses a fixed basketof goods and services whereas the GDP deflator compared the price of currently produced goods relative to price of goods in the base year. The two measures of inflation generally in tandem.
What is the deffernce of the switch statement and the if statement in c plus plus?
If statement is single selection statement,whereas the switch statement is multiple selective.
Are praying mantises producers?
No they are consumers, plants are producers as they produce their own food whereas consumers eat plants or other animals.
How is a persuasive statement different from an explanatory thesis different?
A persuasive thesis statement contains the author's opinion on a topic, whereas an explanatory thesis statement does not.
How is a persuasive thesis statement different from an explanatory thesis?
A persuasive thesis statement contains the author's opinion on a topic, whereas an explanatory thesis statement does not.
What is the difference between producers and consumers?
Producers (plants) make their own food, consumers don't. Consumers have to eat producers or other consumers.
What are the conflicts between Customers and Employees?
Employees want high wages, whereas consumers want low prices.
Why are decomposers categorized as consumers. How do they differ from producers.?
Producers create food through photosynthesis, whereas decomposers breakdown dead or decaying matter. Decomposers do not make their own food, and so are consumers.
How is a persuasive thesis statement different from an explanatory thesis statement?
A persuasive thesis statement aims to convince the reader of a specific viewpoint or argument, presenting a clear stance that the writer will defend throughout the essay. In contrast, an explanatory thesis statement simply explains a topic or issue without taking a side or making an argument. The persuasive thesis statement typically includes a call to action or a proposed solution, whereas the explanatory thesis statement mainly provides information.
What does the phrase whereas mean in the Universal Declaration of Human Rights?
When whereas is used in a legal document it basically is saying "because", in other words it begins a statement in a list.
How is data and information linked?
Data is facts and figures, whereas information includes any factual statement.
What type of consumers are people?
Plants are producers because they make their food, whereas people are consumers because they must consume other species as food. Most people are omnivores, meaning they eat both plants and animals.
Why are sharks primary consumers?
A Shark would be considered a Secondary Consumer because a primary consumer gets its energy from plants, whereas a Secondary Consumer gets its energy from from other consumers.
