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What else can I help you with?
Why does a tariff make foreign goods more expensive?
Yes, a tariff is a tax on imported goods. The tax is added to the cost of the goods making them more expensive.
What made imported goods more expensive than local goods?
Taxation
What does not happen when a nation's currency strengthens?
Foreign goods become more expensive
Which of these does not happen when a nation's currency strengthens?
Foreign goods become more expensive.
What are normal and geffen goods with examples?
Normal goods are products whose demand increases as consumer income rises, such as organic food or branded clothing. In contrast, Giffen goods are a type of inferior good for which demand increases when the price rises, defying the typical law of demand; a classic example is staple foods like bread or rice in low-income communities, where higher prices lead consumers to buy more of the cheaper staple rather than more expensive alternatives.
Why does a tariff make foreign goods more expensive?
Yes, a tariff is a tax on imported goods. The tax is added to the cost of the goods making them more expensive.
What makes foreign goods more expensive?
Foreign goods are more expensive to purchase. The extra cost from purchasing foreign goods comes from the shipment of the goods over long distances.
What made imported goods more expensive than local goods?
Taxation
Should you buy branded items or imitations?
you can buy either, it depends on how much youre willing to spend mostly, branded ones are more expensive than imitations. YOU CHOOSE!
Why were merchants in the east in favor of a tariff of a tariff on imported manufactured goods?
It increased the demand for American goods because the tariff made the imported goods more expensive.
Which of the following statements is TRUE about capital goods?
Capital goods are bigger and more expensive than consumer goods.
What made British goods more expensive?
Tariff of 1816
WHY is it more expensive to shop in Wisconsin?
For the same reasons it is in Hawaii. it more expensive to ship the goods thus higher prices to pay for the shipping.
A major overall phenomena of the Industrial Revolution was?
goods became more expensive :)
What does not happen when a nation's currency strengthens?
Foreign goods become more expensive
Which of these does not happen when a nation's currency strengthens?
Foreign goods become more expensive.
Why are branded shoes and other accessories so expensive?
Because that way the companies can make more money. Shoes that are cool, like branded shoes, are in more demand, so the companies are able to charge more because people will still bbuy them. It's tough, but that's the way it is.
