international trade and finance homework, economics homework help

User Generated




9 questions with 14 screenshot but i can only upload 5 pics at 1 time, I will upload them all after select tutor,

Unformatted Attachment Preview

Attempts: Keep the Highest: /2 1. Identifying types of tariffs Aa Aa Consider the following hypothetical scenario: A congressman introduced legislation to create a new tariff. He wants to use the revenue collected from it to help pay down the national deficit. To meet this goal, this tariff will charge $1,000 on every crate of the imported good plus an additional 8% of the total value of the imported goods. Based on this motivation, it is most likely a protective tariff. Based on the fees charged, this tariff is tariff. a compound a compound a specific an ad valorem QNA 3.16 © 2004-2016 Aplia. All rights reserved. © 2013 Cengage Learning except as noted. All rights reserved. Grade It Now Save & Continue 2. Calculating the effective rate of protection Aa Aa CompuGlobal is an American firm producing computers. CompuGlobal imports computer components from Pakistan and assembles them domestically. Suppose that in the United States, a computer sells for $700 and that 80% of the computer's value comes from the value of the imported components. The United States imposes a 40% tariff on computers and a 20% tariff on the computer's components. Assume that costs of producing components are the same in the United States and Pakistan. Based on the information provided, the effective rate of protection that compuGlobal receives from the tariff is 70.0% 120.0% -60.0% 30.0% -15.0% 2016 Aplia. All rights reserved. 2013 Cengage Learning except as noted. All rights reserved. Grade It Now Save & Continue 3. Winners and losers from tariff reductions Aa Aa Suppose that India imports fertilizers from Canada. The free market price is $13.00 per ton. If the tariff on imports in India is 71.4%, Indians pay per ton. One of the accomplishments of the Uruguay Round that took place between 1986 and 1993 was significant across-the-board tariff cuts for industrial countries, as well as many developing countries. Suppose that as a result of the Uruguay Round, India reduces its import tariffs to 32.4%. Assuming the price of fertilizers is $13.00 per ton, consumers now pay the price of per ton. in Based on the calculations and the scenarios presented, the Uruguay Round most likely India and in Canada. hurts consumers hurts producers benefits producers QNA 3.16 2004-2016 Aplia. All rights reserved. 2013 Cengage Learning except as noted. All rights reserved. Grade It Now Save & Continue 4. Tariff effects: An overview Aa Aa E Consider two hypothetical countries, Aniva and Kartaly. Both countries produce iGadgets, and the price of iGadgets is lower in Aniva than in Kartaly. If Aniva and Kartaly open to trade, producers in would be more likely to lobby their government for an import tariff on iGadgets in order to protect them Aniva preign competition. Kartaly Which of the following statements about the effects of the tariff compared to free trade are correct? Check all that apply. In Kartaly, some workers at retail and shipping companies that import iGadgets lose their jobs. The tariff benefits producers in Kartaly. The tariff need not reduce the price differential between Aniva and Kartaly. The extra cost of iGadgets gets passed on to products and services using iGadgets in the production process. As a result of the tariff, the price of the imported iGadget always rises above its domestic price. 5. Effects of a tariff on international trade Aa Aa The following calculator shows the domestic supply of and demand for oranges in Guatemala. Guatemala is open to international trade of oranges without any restrictions. The world price of oranges is $480 per ton and is represented by the horizontal brown line. Throughout the question, assume that the amount demanded by any one country does not affect the world price of oranges and that there are no transportation or transaction costs associated with international trade in oranges. Also assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. Use the calculator to help you complete the following exercises. You will not be graded on any changes you make to the calculator. Tool tip: Use your mouse to drag the green line on the graph. The values in the boxes on the right side of the calculator will change accordingly. You can also directly change the value in the box with the white background by clicking in the box and typing. When you click the button labeled "Calculate," the graph and any related values will change accordingly. PRICE (Dollars per ton) 1200 CALCULATOR 990 1120 Price (Dollars per ton) Domestic Demand (Thousands of tons] 1040 66 Domestic Supply (Thousands of tons] 184 960 880 800 720 640 I 1 560 480 1 I 1 I 1 1 1 I 1 + 50 100 150 200 250 QUANTITY (Thousands of tons of oranges) 400 0 Reset to Initial Values Calculate Given this information, Guatemala will import tons of oranges.
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

In order to fill out the table, I'm going to need to talk you through where to fill in the graph. Are you ready?

International Trade and Finance HW
1. Types of Tariffs
a. Revenue because the aim to raise revenue
b. Compound because a mix of specific and ad valorum.
2. e = (n-ab)/(1-a)
n=nominal tariff on finished good
a=ratio of value imported/final
b = nominal tariff on imported parts
e = effective tariff
So, we plug in the details from problems:
B = .2
A= .8
We calculate: e = 1.2 which is equivalent to 120%
3. Winners and Losers
a. $13 * (1...

I was stuck on this subject and a friend recommended Studypool. I'm so glad I checked it out!


Similar Content

Related Tags