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Consider a WTO member country with high tariffs and subsidies to protect its domestic agricultural industry What would happen if that country lowered its tariffs on imported agricultural goods and cut?
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What is a good sentence for domestic?
I prefer domestic vehicles over imported vehicles.
Is Budweiser domestic or imported beer?
Very domestic. It is made in Houston, TX.
What are the determinants of aggregate supply?
a. input prices 1. domestic resources prices 2. prices of imported resouces 3. market power b. productivity c. legal-institutional environment 1. business taxes and subsidies 2. government regulation
What is the purpose of protectionist trade policies such as tariffs and subsidies?
They allow producers to sell their products more cheaply than foreign competitors... apex
What did colonial cities function primarily as?
mercantile centers for collecting agricultural goods and distributing imported manufactured goods.
What products are imported from Israel?
Products imported from Israel include machinery, software, cut-diamonds, chemicals, and agricultural products.
What is the difference between international and domestic drinks?
That would be domestic and imported. A domestic beer is any beer that is made in the country you are in ( i.e. America has Budweiser, Coors, Miller etc. those are domestic. we also have imported which would be Corona, heineken, Red Stripe)
What is one reason Europeans governments protect the growing of food with subsidies even though imported food would be cheaper?
to have food in case imports are cut off.
What is agricultural machinery prospect in Nigerian?
A large portion of agricultural machinery that is being used in Nigeria are imported. There are only two tractor assembly plants in Nigeria. In order to fabricate the agricultural equipment large funding is necessary.
What domestic producers from foreign competition?
Tariffs on imports will raise the price of imported goods so that domestic substitutes can be cheaper. Import quotas allows a limited number of imported goods into the country. Trade embargoes is a extreme case where no imports are allowed.
What protects domestic producers from foreign competition?
Tariffs on imports will raise the price of imported goods so that domestic substitutes can be cheaper. Import quotas allows a limited number of imported goods into the country. Trade embargoes is a extreme case where no imports are allowed.
What is one reason European governments protect the growing of food with subsidies even though imported food would be cheaper cheaper?
to have food in case imports are cut off.
