subject
Business, 21.11.2019 04:31 niescarlosj

Suppose the nation of sugarland consists of 50,000 households, 10 of whom are sugar producers. arguing that the sugar industry is vital to the national economy, sugar producers propose an import tariff. the loss in consumer surplus due to the tariff will be $100,000 per year. the total gain in producer surplus will be $25,000 per year. round your answer to the nearest dollar. what is the gross cost per household per year of the proposed policy? what is the policy's benefit per sugar producer of the per year? why would you expect this type of trade protection to be passed into law? the total benefits of the import tariff are larger than the costs. sugar producers are more likely to be in government positions than the rest of the population. the benefits of the trade policy are concentrated among a few, whereas the costs are dispersed throughout the whole population. producer surplus is more important than consumer surplus. import tariffs, such as in the example above, do not create deadweight loss.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 23:00
James has set the goal of achieving all "a"s during this year of school.which term best describes this goal
Answers: 2
question
Business, 22.06.2019 16:40
An electronics store is running a promotion where for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. the coupons expire in one year. the store normally recognized a gross profit margin of 40% of the selling price on video games. how would the store account for a purchase using the discount coupon?
Answers: 3
question
Business, 22.06.2019 22:00
Gyou are in charge of making the work schedule for the next two weeks. typically this is not a difficult task as you work at a routine 8am – 5pm company. however, over the next two weeks you are required to schedule someone to be in the office each saturday. after contemplating this for a few days you make the schedule and assignments. before posting the schedule for everyone you decide that it is a good idea to meet personally with the two people you have scheduled to work the weekend. what do you say to them? what is your desired outcome?
Answers: 3
question
Business, 22.06.2019 23:50
Melissa buys an iphone for $240 and gets consumer surplus of $160. a. what is her willingness to pay? b. if she had bought the iphone on sale for $180, what would her consumer surplus have been?
Answers: 3
You know the right answer?
Suppose the nation of sugarland consists of 50,000 households, 10 of whom are sugar producers. argui...
Questions
question
English, 07.01.2022 16:30
question
Mathematics, 07.01.2022 16:30
question
Mathematics, 07.01.2022 16:30
Questions on the website: 13722367