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What are taxes on imports and exports called?
Taxes that are placed on imports and exports are referred to as tariffs. A debate exists regarding whether or not high tariffs help or hurt a nation's economy.
Will the japan disaster help there economy?
No.
How do high tariffs help America?
High tariffs are supposed to help the American economy because they place taxes on imported goods. Tariffs promote the purchasing of American-made goods because they are sold at a lower price, without the tariff. Also, if people decide to buy foreign goods instead, then the government makes money from the tariffs that were paid.
How many countries went to save japan because of the earthquake?
at least 3 countries came to help Japan, USA, Germany, and France
How did the Korean war help boost japans economy?
The U.S. gave Japan $3.5 billion for Japan's factorys.
Does buying goods from other countries hurt the economy?
No, the economy is built on trade and the circulation of money, by buying the goods you help the economy. By supporting a developing country's goods by buying them you help create demand for their industries and thus support their economy.
Can the English language help your economy?
Yes. As English is spoken in many countries, being able to speak in it will help a country to do business in many other countries.
How does a limestone quarry help with the countries economy?
business in Home decorating in kitchens& bathrooms
Which countries built the Skylab space station?
The U.S., and also Russia (with occasional help from other countries, such as Japan).
How did George Washington help fix the economy when he was president?
He fixed it with the help of his Secretary Of Treasury Alexander Hamilton. Hamilton initiated an economic plan that included a national bank, excise tax, assumption of states' debts,and tariffs.
What are counties doing to help out japan?
countries are sending in medical equipment and thousands of dollars.
How can fair trade help less developed countries?
Fair trade can help less developed countries by allowing them to trade easier with more advanced countries such as the United States. When they are able to trade their goods with richer countries, it helps their economy.
