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What are taxes on imports and exports called?
Taxes that are placed on imports and exports are referred to as tariffs. A debate exists regarding whether or not high tariffs help or hurt a nation's economy.
Will the japan disaster help there economy?
No.
How do high tariffs help America?
High tariffs are supposed to help the American economy because they place taxes on imported goods. Tariffs promote the purchasing of American-made goods because they are sold at a lower price, without the tariff. Also, if people decide to buy foreign goods instead, then the government makes money from the tariffs that were paid.
How did the Korean war help boost japans economy?
The U.S. gave Japan $3.5 billion for Japan's factorys.
Which countries built the Skylab space station?
The U.S., and also Russia (with occasional help from other countries, such as Japan).
Can the English language help your economy?
Yes. As English is spoken in many countries, being able to speak in it will help a country to do business in many other countries.
Does buying goods from other countries hurt the economy?
No, the economy is built on trade and the circulation of money, by buying the goods you help the economy. By supporting a developing country's goods by buying them you help create demand for their industries and thus support their economy.
How does a limestone quarry help with the countries economy?
business in Home decorating in kitchens& bathrooms
What are counties doing to help out japan?
countries are sending in medical equipment and thousands of dollars.
How did George Washington help fix the economy when he was president?
He fixed it with the help of his Secretary Of Treasury Alexander Hamilton. Hamilton initiated an economic plan that included a national bank, excise tax, assumption of states' debts,and tariffs.
How can fair trade help less developed countries?
Fair trade can help less developed countries by allowing them to trade easier with more advanced countries such as the United States. When they are able to trade their goods with richer countries, it helps their economy.
Why did some American want tarrifs imposed?
Tariffs are imposed in an attempt to protect ones economy. America would have imposed tariffs on foreign goods in order to encourage American companies and consumers to puchase products and services which were American owned and operated. This was done due to the belief that taxing foreign goods would stimulate and help protect American jobs and ultimately the American economy. It has now been proven that protectionism and the use of tariffs are not helpful but instead hugely damaging to both the economy imposing and also the economy exposed to trade tariffs, hense the existence of the E.U free trade area and agreements. From Irishguy
