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An import tariff increases the sale price of foreign-made goods.
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∙ 9y ago
Henry Cervantes
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Which of these increase the price of certain foreign-made good?
An import tariff increases the sale price of foreign-made goods.
Which of these increases the price of certain foreign-made goods?
An import tariff increases the sale price of foreign-made goods.
Which of these is a reason why the U.S. charges an import tax on certain foreign goods?
to prevent foreign competitors from undercutting U.S. prices and profits
What is the net export effect?
A lower U.S. price level means prices for goods produced in the United Statesare lower relative to the prices in foreign countries. Thus, people will buy more U.S.-producedgoods and fewer foreign produced goods. This increases net exports, a component of real GDP.
What happens when goods become scarce?
the prices increases, and the goods become expensive.
Which of these increase the price of certain foreign-made good?
An import tariff increases the sale price of foreign-made goods.
Which of these increases the price of certain foreign-made goods?
An import tariff increases the sale price of foreign-made goods.
Which of these is a reason why the U.S. charges an import tax on certain foreign goods?
to prevent foreign competitors from undercutting U.S. prices and profits
What is the net export effect?
A lower U.S. price level means prices for goods produced in the United Statesare lower relative to the prices in foreign countries. Thus, people will buy more U.S.-producedgoods and fewer foreign produced goods. This increases net exports, a component of real GDP.
What happens when goods become scarce?
the prices increases, and the goods become expensive.
What did anti-protectionists argue was a harmful effect of tariffs?
Higher prices of foreign goods
When the price of a capital good increases what happens to the prices of related consumer goods and services Why?
Prices increase due to the increase in production costs.
When the price of capital good increases what happens to the prices of the related consumer goods and services and why?
Prices increase due to the increase in production costs.
When a price of a capital good increases what happens to the prices of related consumer goods and services Why?
Prices increase due to the increase in production costs.
When the price of a capital good increases what happens to the prices of related consumers goods and services?
Prices increase due to the increase in production costs.
Which condition increases prices and allocates goods and services to people who pay the most for them?
increased competition among buyers
How would suppliers react to a price increase for a product?
Suppliers supply more of the goods as and when prices of that commodity increases.
