answersLogoWhite

0

When you import electronics

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

How would you define tariff?

A tariff is a tax levied by the government on the importation of goods.


How would you match each type of tariff A revenue tariff B protective tariff with its purpose C retaliatory tariff 1 earn money for the government 2 engage in a trade war 3 help domestic producers?

Revenue tariff - Earn Money for the Government Protective Tariff - Help domestic producers Retaliatory tariff - engage in a trade war


Thomas Jefferson thought that the tariff policy would cause problems for who?

It gave the government too much power.


What would the US most likely do in order to help the us consumers of bananas?

B. eliminate the tariff on bananas imported from Ecuador


How does a high tariff affect an economy?

Tariff is tax levied on imports and exports and it is a form of protectionist measure. High tariff on imports would have an expenditure switching effect where residents would switch from purchasing imports to goods and services produced domestically. This could also raise tax revenues of government which can be spent back on the economy in terms of unemployment benefits etc. All in all, it will raise the National Income of the economy as consumption and government spending are likely to rise (Components of Aggregate Demand). Tariff on exports would hurt export competitiveness as prices of these goods will generally rise, especially when exports are generally price elastic. This would also deter firms firm from exporting to avoid being taxed. Exports in this case will fall which affects the GDP of an economy. However for countries (eg. China) where their exports are considered cheap and is hurting bilateral ties, an increased tariff on exports could not only solve the problem but also raise tax revenue for the government.


Is COH4 neutral?

No, COH4 is not a neutral compound. It would be a compound with a net charge, as the total charge of the hydrogen atoms would likely be positive and the charge of the oxygen atom would be negative.


Why was the fordney-mccumber tariff act introduced?

The Fordney-McCumber Tariff was where they raised the cost of foreign farm products so Americans would be more likely to buy farm products from farmers in the U.S who were suffering after the great depression.


What would be a good 4 word sentence for the word Tariff?

The tariff is excessive!


Who opposed the Tariff in 1816?

Since the tariff was a tax on iron and cotton, the South would presumably go against the tariff. The North loved the tariff because it stopped some of the foreign factories, by making the owner of the raw products ship the products to another factory(likely in the North). John C Calhoun disliked the tariff because he felt that it favored only one part of the nation.


What is an example of a protectionist trade policy?

An example is a protectionist trade policy would be a tariff on imports, or quotas on the volume of imports.


What action would members of the socialists party of America most likely support?

Operation of factories by the government would likely be supported by the Socialist Party of America.Operation of factories by the government


What would be most likely found in a confederal government?

whats the answer?