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What was the souths point of view on the tariff on imported goods in 1850?
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∙ 11y ago
Wiki User
∙ 11y ago
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What was the point of view on buying and selling Manufactured goods in the north?
The North's point of view for selling or buying Manufactured goods was fairly good. They had alot of factories so it made it easy for people to buy the goods.
What is imported inflation?
Inflation in other countries(trading partners)=>Higher input price for goods =>reduce competitive pressure on import-competing domestic goods price of domestic goods may increases. Alternative Way of looking at it: Country A trades with Country B. Currency B appreciates in relation to Currency A. Therefore, from Country A's point of view, it is more expensive to buy raw materials from Country B, but A will still buy raw materials because it is essential for production. As a result, the cost of production for goods increases due to a rise in price of raw materials. Hence, this will cause an increase in the general price level of goods and services in Country A that uses raw materials imported from Country B. Therefore, imported inflation occurs.
How would high tariffs hurt America?
Tariffs bring in revenue, which the US always seems to want more of. However, there is a point of diminishing returns regarding revenue. If the tariff is too high, it may reduce the amount of trade and actually produce less revenue. Tariffs make foreign goods more expensive. Higher prices on foreign goods make domestic goods more competitive and can benefit domestic producers. Tariffs may reduce the inflow of foreign goods and improve the balance of trade.
Why domestic tariff on steel increases the price of steel in the US and in the rest of the world?
Because a tariff is a cost for the importer (a sum of money it pays to the state for being allowed to enter the merchandise in the country), and it must be transfered to the consumer. Therefore the price goes up.The prices in the rest of the world are influenced because the US is one of the big producers of steel and the relative ineficiency of its plants is materialized in high prices, which in turn influence the international market.Interestingly, in many economic models, a tariff and a quota cause the exact same effect of decreasing supply (and thus decreasing quantity and raising the price). The only difference is that a quota has a larger deadweight loss than a tariff (because a tariff generates government revenues). So it is theoretically possible to structure a tariff to ensure that only a certain amount of a good is imported into a country, which is the goal of a quota. I describe this to lead to the overall point: tariffs cause prices to rise because they cause an artificial shortage in the market. It has very little to do with costs being transferred to the consumer. One could also suggest that tariffs protect less efficient producers (by imposing an extra cost on the more efficient out-of-state producers) and thus raise prices, but that effect would be much less pronounced.
The location in a retail or grocery store where a consumer pays for goods or services is the?
POS (point of sale)
What was the Souths point of view on the buying and selling of manufactured goods?
Actualy they did not by things from Europe they traded.
Point of view on tariffs on imported goods in 1850?
they thout it was bullcrap
Why are Many people critical about the use of tariffs?
Many people believe that tariffs on imported goods will in the long run prove to be a problem to a nations economy. A tariff on imported goods makes the price of that product higher and thus buyers consider the tariff a burden on their finances. Also, some believe that tariffs product domestic industries too much and promote inefficiencies. Another problem critics of tariffs point out is that other nations whose products are on tariff lists will institute tariffs of their own & thus produce a trade war which benefits no one.
What was the south's point of view on tariffs on imported goods in 1850?
Southerners were hapy, because they could continue to buy goods from Great Britain cheaply
Point of view on imported goods in the south?
they thought that it was fair because it was low prices and they had to pay high prices
what battle was the turning point of the war after which the Souths fortunes declined?
Gettysburg.
What statement best characterizes the view point of president Monroe?
president monroe favored a protective tariff
What was Polk's 4 point plan?
lower tariff, independent treasury, Oregon border dispute, acquisition of California
What was the point of view on buying and selling Manufactured goods in the north?
The North's point of view for selling or buying Manufactured goods was fairly good. They had alot of factories so it made it easy for people to buy the goods.
What was the north's point of view on the buying and selling of manufactured goods?
The North's point of view for selling or buying Manufactured goods was fairly good. They had alot of factories so it made it easy for people to buy the goods.
What was the point of view of the north on buying and selling manufactured goods?
The North's point of view for selling or buying Manufactured goods was fairly good. They had alot of factories so it made it easy for people to buy the goods.
What was the north point of view on the buying and selling of manufactured goods?
The North's point of view for selling or buying Manufactured goods was fairly good. They had alot of factories so it made it easy for people to buy the goods.
