Qualification > Commerce
ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
hmh:
--- Quote from: al noor on June 07, 2009, 08:21:39 pm ---
--- Quote from: beanii on June 07, 2009, 07:51:40 pm ---i need help with this question :-\
Discuss how the use of a protective meaure such as a tariff might be better than allowing free trade.(4 marks)
please answer as soon as you can..anyone! :-[
--- End quote ---
maybe i can help dont knw :(..
Define what is meant by a tariff first and then..
umm if there is free trade then maybe the BOP will be deficit soo if they use a protective mesure like tariff..there will be less import and more export soo the BOP will be surplus and if there is a tariif on imported goods soo more people will buy domestic products soo employement will increase to produce the products and the GDP and econmic growth of the country will rise...i am nt sure abt this answer and hope it is right
--- End quote ---
Good answer there :). Lemme try
Allowing free trade will help local and international businesses to trade widout restrictions and therefore it might increase the demand for local producers' goods and services which therefore will help increase GDP and thus an increase in economic growth. however, the imports might be cheaper as compared to local so this could create several problems for local businesses as there might not be sales revenue and no profits. Introduction of tariffs here will help as it will make the imports expensive and thus reducing demand for imported items as well as increasing demand for local items thus puting back the sales revenues and profits up. As the consequence of this, incomes of employees will increase as more employment is created and thus an increase in standards of living and economic growth.
Hope it helps.
al noor:
--- Quote from: hmh on June 07, 2009, 08:34:02 pm ---
--- Quote from: al noor on June 07, 2009, 08:21:39 pm ---
--- Quote from: beanii on June 07, 2009, 07:51:40 pm ---i need help with this question :-\
Discuss how the use of a protective meaure such as a tariff might be better than allowing free trade.(4 marks)
please answer as soon as you can..anyone! :-[
--- End quote ---
maybe i can help dont knw :(..
Define what is meant by a tariff first and then..
umm if there is free trade then maybe the BOP will be deficit soo if they use a protective mesure like tariff..there will be less import and more export soo the BOP will be surplus and if there is a tariif on imported goods soo more people will buy domestic products soo employement will increase to produce the products and the GDP and econmic growth of the country will rise...i am nt sure abt this answer and hope it is right
--- End quote ---
Good answer there :). Lemme try
Allowing free trade will help local and international businesses to trade widout restrictions and therefore it might increase the demand for local producers' goods and services which therefore will help increase GDP and thus an increase in economic growth. however, the imports might be cheaper as compared to local so this could create several problems for local businesses as there might not be sales revenue and no profits. Introduction of tariffs here will help as it will make the imports expensive and thus reducing demand for imported items as well as increasing demand for local items thus puting back the sales revenues and profits up. As the consequence of this, incomes of employees will increase as more employment is created and thus an increase in standards of living and economic growth.
Hope it helps.
--- End quote ---
Nicee answer :D
hmh:
lol.. thanks. the answer doesnt matter as long as its correct info. which both of them have :)
al noor:
--- Quote from: hmh on June 07, 2009, 08:42:57 pm ---lol.. thanks. the answer doesnt matter as long as its correct info. which both of them have :)
--- End quote ---
yeah it is similar to mine but u expanded it more thats it :P
Freaked12:
WHY THE HELL YOU PEOPLE FORGET THE MAIN POINT.BY IMPOSING TARIFFS ON THE IMPORTS,THE GOVERNMENT WILL RECIEVE MORE MONEY WHEN THE IMPORTS PASS THROUGH THE CUSTOM OFFICIALS,THEREBY INCREASING THE MONEY FOR PUBLIC EXPENDITURE.
:D
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