0
Should a government tax imports in order to limit the amount of goods coming onto a country?
Wiki User
∙ 6y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What does it mean for a country to have a trade deficit or surplus?
If a given country imports a greater amount of products of whatever sort (in terms of the money that it pays for them) than it exports (in terms of the money that it receives for them), then its money supply is diminishing, and it has a trade deficit. If, on the contrary, it exports more than it imports, then its money supply will increase, and it has a trade surplus.
What are the four ways the government can foster entrepreneurship?
there are many ways in which government can foster entrepreneurs:{1}if government should grant entrepreneurs loans at a cheaper rate.{2} government should discourage dumping and reduce the amount of good imported into the country.{3}the study of entrepreneur should be encourage in both secondary and tertiary institutions.{4}the taxes which is going to be imposed on entrepreneur should not be a big burden to them.
Why should the middle men be encouraged in your economy?
From a government's point of view, middle men should be encouraged to increase the amount of money changing hands within the economy, thereby inflating the gross national product of the country.
What is the meaning of 'balance of payment surplus'?
If money recd is more than paid by any country to another country. It is called balance of payment - surplus in short more "Export Less Imports".
Why are exchange rates necessary?
Exchange rates determine the amount of imports and exports for a country. Depending on a naitons currency compared with a foriegn currency, countries may or may not want to trade with that nation.
What country imports the most weapons?
the country of china was the ones who ships the most amount of wepons to the united states
What's a trade surplus?
the amount by which the value of a country's exports exceeds the cost of its imports.
Which country exports the most clothes?
China imports the most amount of clothes to the US. (Statistic of 2003)
What is the relationship between size of domestic economy and amount of exports and imports?
In general, the larger the country's domestic economy, the less dependent it tends to be on exports and imports relative to its GDP.
What terms means the amount of goods sold abroad compared to what is bought abroad?
Trade balance refers to the difference between a country's exports and imports of goods. When a country exports more goods than it imports, it is said to have a trade surplus, and vice versa for a trade deficit.
Flower imports amount to how much each year?
user-generated content: http://wiki.answers.com/about/disclaimer.html report abuse= Flower imports amount to how much each year? =
What does it mean for a country to have a trade deficit or surplus?
If a given country imports a greater amount of products of whatever sort (in terms of the money that it pays for them) than it exports (in terms of the money that it receives for them), then its money supply is diminishing, and it has a trade deficit. If, on the contrary, it exports more than it imports, then its money supply will increase, and it has a trade surplus.
What are the four ways the government can foster entrepreneurship?
there are many ways in which government can foster entrepreneurs:{1}if government should grant entrepreneurs loans at a cheaper rate.{2} government should discourage dumping and reduce the amount of good imported into the country.{3}the study of entrepreneur should be encourage in both secondary and tertiary institutions.{4}the taxes which is going to be imposed on entrepreneur should not be a big burden to them.
Does the UK import goods?
Yes, it imports a huge amount of things. Like any country, it cannot grow or produce everything it needs, so it has to import a lot of things.
What is the name of the smallest amount that can be paid to most workers for an hour of work?
The Government of each country regulate the lowest amount for workers. This amount is clearly stated in labor law of each country.
What was a feature of mercantilisim?
Mercantilism is the basis that there is a limitted amount of wealth in the world and that countries have to compete to get that wealth. A nation should export more than it imports to have profits.
Why should the middle men be encouraged in your economy?
From a government's point of view, middle men should be encouraged to increase the amount of money changing hands within the economy, thereby inflating the gross national product of the country.
