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What group of people ultimately determines the products that a free enterprise economy country's total?
Consumers
What is a tax imposed on import or export goods called?
Tariff. It's used to restrict trade and promote the consumption of products produced in the country, otherwise known as domestic products. It can be used to protect domestic interests or to impose sanctions on another country or to protect consumers from a good the government thinks is harmful.
If consumers from Country X greatly increase their purchases of products from Country Y the value of these two countries currencies relative to one another will change in what way?
Assuming there are no other changes that the one stated, the value of the currency of country X will decline relative to the value of the currency of country Y.
What are the leakages out of the circular flow of income and output?
The leakage is income received by consumers but not returned to the firms. There are main 3 leakages: savings of consumers ( when consumers save money in banks for using them in the future); imports (when consumers buy products produced by the foreign country, the potential income flows out of the economy's circular flow; thus, this expenditures do not return to the firms);taxes (so that government can pay for health care and education).
What is international trade policy-administrative policies?
Administrative trade policies are bureaucratic rules that are designed to make imports to enter a country. these policy hurt consumers by denying access to possibly superior foreign products.
What group of people ultimately determines the products that a free enterprise economy country's total?
Consumers
What has the author Aoife Curtin written?
Aoife Curtin has written: 'The effect of the country of origin cue on Irish consumers evaluation of foreign and domestic products' -- subject(s): Imports, Consumers' preferences, Ireland, Manufactures
which product most of buying online US country?
Online retailers deliver their products directly to the consumers' home, offices or wherever they want. The B2C
What country has inexpensive gold jewelry?
The country that have inexpensive gold jewelry is U.S.A. , because of the good value they have of $25,000 Dollars of " Pure Solid White Gold Formula " bar.
What is geographic segmentation for pampers?
Geographic segmentation for Pampers involves dividing the market based on geographic location, such as country, region, or city. This allows Pampers to tailor their marketing strategies, products, and advertising campaigns to better suit the specific needs and preferences of consumers in each location. By recognizing regional differences, Pampers can better connect with their target audience and drive sales.
What is a tax imposed on import or export goods called?
Tariff. It's used to restrict trade and promote the consumption of products produced in the country, otherwise known as domestic products. It can be used to protect domestic interests or to impose sanctions on another country or to protect consumers from a good the government thinks is harmful.
If consumers from Country X greatly increase their purchases of products from Country Y the value of these two countries currencies relative to one another will change in what way?
Assuming there are no other changes that the one stated, the value of the currency of country X will decline relative to the value of the currency of country Y.
what are some solutions for importing less and exporting more in a country?
One best solution to lessen the importation of goods and more exportation of good in a country is to strengthen the quality and patronization of local products. Create more quality and reliable product, create ways to promote it to local consumers and compete it with other imported products. Focus more of your country resources in providing more business that provide these kind of local products.Once you establish a competitive local product industry, you start to lessen the important of products from other countries due to local consumers relying more on the country's own goods. By this, you strengthen your economic stature and other countries may start buying goods from your country through exportation.
What countries have used a strategies from a different country that won using that strategies but lost using it?
joe no say
What are the leakages out of the circular flow of income and output?
The leakage is income received by consumers but not returned to the firms. There are main 3 leakages: savings of consumers ( when consumers save money in banks for using them in the future); imports (when consumers buy products produced by the foreign country, the potential income flows out of the economy's circular flow; thus, this expenditures do not return to the firms);taxes (so that government can pay for health care and education).
What country has the most in expensive eye surgery?
One country that the most inexpensive eye surgery in the world is Thailand.
One reason people are against protective tariffs is that?
To explain this, we first need to look at the reason why protective tariffs are present in some markets. For simplicity, let us look at the market for dairy products. Naturally, the production cost (and the price) of dairy products differs across countries due to the fact that some countries are "better" at producing such products. The reason for this could be better technology, higher productivity or for example cheaper input factors. Imagine now that we have two countries, A and B. In country A, dairy products are produced cheap due to high efficiency and good technology, this also reflects the price which is low. In country B, the production costs of dairy products are high, and so is the price. Imagine now that the consumers in country B also want to buy cheap dairy products, and the country opens up for import of dairy products from A. Clearly, this will be a benefit for the consumers in country B since the price of imported dairy products are cheaper. However, the dairy industry in country B suffers from this, since the consumers no longer buys their products. This is where the protective tariffs comes into the picture. To protect the dairy industry in country B from competition, the government implement tariffs on imported dairy products. This is a trivial example, however it is easy to see that the consumers in country B suffers from the protective tariffs. The government and the industry on the other hand, is satisfied. From a socio-economic view this is however not optimal. Both welfare and consumer surplus is decreased. We can therefore argue that protective tariffs will lead to inefficiency and decreased welfare. If the tariffs in our example was removed, some of the farmers in country B would perhaps go bankrupt, however when they realize that they need to compete with country A in order to "stay alive" they will increase efficiency by working harder or implement better technology in their production system. Since higher efficiency leads to higher welfare, this is also optimal from a socio-economic point of view.
