Tariff practice 2 - green by https://padlet.com/klatyika/weodzptm4vstw303 Made with a stroke of good luck en-us 2020-11-05 08:35:54 UTC 2025-04-11 16:24:13 UTC hello@padlet.com Case study 1 klatyika https://padlet.com/klatyika/weodzptm4vstw303/wish/893215169 2020-11-05 08:36:33 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893215169 Case study 2 klatyika https://padlet.com/klatyika/weodzptm4vstw303/wish/893215485 2020-11-05 08:36:40 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893215485 Eszter Q1 - Case study 2 https://padlet.com/klatyika/weodzptm4vstw303/wish/893257541 - On Qs: Increases because supply curve shifts up, (i guess you mean local but then so, is local s shifts?) Qd: decreases because supply curve shifts up making..
- On Qimport : decreases due to tariffs paid to the country (strictly speaking it is not paid -surely not by them but it will decrease due to...)

- Domestic consumers: Surplus decreases because less consumers are willing and able to buy the good at that price level
- Domestic producers:
Surplus increases because more producers are willing and able to produce the good at that price level
- Government: Tax revenue increase because before the tariff, they gained 0 revenue from the trade
- Domestic employment: Increases because more producers are able to produce the product, so they will employ more people
- Domestic income distribution: More income equality due to the increase in employment
- Efficiency in domestic production: Increases because more there is more labour (employment) used. Since labour is a FoP, the country moves closer to it's PPC, as it is maximising it's FoP's better.  
- Foreign producers: Surplus decreases because they are limited to their sales depending on how much tariff they can pay.
- Allocation of resources globally: More inefficient because the other countries who are taxed must spend more than their factors of production to sell the good.]]> 2020-11-05 08:54:32 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893257541 Swayam Q1 https://padlet.com/klatyika/weodzptm4vstw303/wish/893265601 -  Quantity supplied increases because the price increases and the Quantity demanded decreases
- Quantity imported decrease because it's more expensive to import products
-  Domestic consumers will  suffer due to higher prices and their surplus will decrease
- Domestic producers will benefit because now consumers will import less and buy more from domestic producers so their surplus will increase
- Government revenue will increase because of the tariff
- Domestic employment will increase because producers will need more employees to produce more now that the domestic demand has increased
- Domestic income distribution will be more equal due to an increase in employment 
- Efficiency in domestic production will increase 
- Foreign producer surplus will decrease because less quantity will be imported due to the imposed tariffs
- Underallocation of global resources ]]> 2020-11-05 08:57:48 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893265601 Zita Q1 https://padlet.com/klatyika/weodzptm4vstw303/wish/893266663 tariff on:
- Qs + Qd:  Thailand: decreases for both
- Quantity imported: decreases .why?as the tariff will make imports less appealing to consumer as it increases the price

- Domestic Consumers; have more choice ? Can choose to purchase

as there now there should be more equal availablity of both Chinese and Thai goods
- Domestic producers: positively impacted, better able  to compete with the cheaper imports from china, ( not so cheap now that tariffs are imposed) 
- Government: spends more, they promised compensation to domestic producers, but also their revenue increases
- domestic employment:
May increase as now Thai producers are able to compete with imports, more work, existing producers don't have to shut down
- domestic income distribution: More income is evenly spread as this provides domeStic producers of garlic a more even chance to compete, therefore more likely to earn more money.
- efficiency in domestic production: more efficient, increases
- foreign producers, less well off. 
- allocation of resources globally:

 


]]> 2020-11-05 08:58:15 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893266663 Q1 2002shreyasuresh https://padlet.com/klatyika/weodzptm4vstw303/wish/893269639 - quantity supplied and quantity demanded: decreases due to cheaper price (with tariff imposed prices increase)
- quantity imported: will increase 
- domestic consumer: will have better quality goods
- domestic producer: will receive better revenue
- government - increase in government revenue
- Domestic employment: increases due to increase in exports.
- domestic income distribution: improves due to increased job opportunity.
- efficiency in domestic production: increases because they would produce what they are good at and not everything
- foreign products: demand increases as consumers would have more choices to choose from.
- Allocation of resources globally: increases 

]]> 2020-11-05 08:59:31 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893269639 Eszter Q2 - Case Study 2 https://padlet.com/klatyika/weodzptm4vstw303/wish/893283962 As you can see on the diagram below, the tariff imposed shifts the world supply curve upwards. This increases the domestic supply, allowing more producers to produce goods. This is beneficial in an economic slowdown when prices are so low that producers cannot compete with foreign producers. The increase in tariff opens the market up to more suppliers who can employ more people, thus creating a cycle as those employed people will have more disposable income. This increase in the circular flow of income allows the country to be pulled out of its economic slowdown. ]]> 2020-11-05 09:05:57 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893283962 Q1 Iván https://padlet.com/klatyika/weodzptm4vstw303/wish/893286291 Qs and Qd: Increases and decreases 
Quantity imported: decreases 
Domestic consumers: surplus decreases 
Government: increases tax revenue 
Domestic employment: increases
Domestic income distribution: more equal 
Efficiency in domestic production:
Foreign producers: decreases the supply 




]]> 2020-11-05 09:06:51 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893286291 Q1 Leila https://padlet.com/klatyika/weodzptm4vstw303/wish/893309653
  • Both increase. 
  • Decreases since domestic QS increases.
  • Consumer surplus decreases since price rises.
  • Producer surplus increases for the same reason above - price rises.
  • There will be tariff (tax) revenue.
  • Domestic employment increases as QS increases and more workers are needed.
  • Income distribution becomes more equal.
  • Efficiency decreases because inefficient suppliers enter the market
  • Supply for foreign producers decreases.
  • ..
    •  
     
     
     

    ]]>     2020-11-05 09:16:27 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893309653     https://padlet.com/klatyika/weodzptm4vstw303/wish/893309771 2020-11-05 09:16:30 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893309771 ZIta Q2 https://padlet.com/klatyika/weodzptm4vstw303/wish/893313477 Removing the tariff on garlic would positively impact imports ancrease the amount imported as with tariffs imposed, it will raise the prices of imports up, making it less appealing to domestic consumers. If you remove this, like shown in the article, from sections Pw green, blue, yellow and blue will be consumer surplus that is regained.

    ]]>     2020-11-05 09:18:08 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893313477     Q2 2002shreyasuresh https://padlet.com/klatyika/weodzptm4vstw303/wish/893318789 2020-11-05 09:20:37 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893318789 Q2 Leila https://padlet.com/klatyika/weodzptm4vstw303/wish/893323151 Elimination of tariffs on imported crops negatively affects the domestic producers. As world price decreases from P1+T to P2, imports become cheaper and more demanded; therefore, quantity for imports increases from Q1-Q2 to Q3-Q4. Consumers are more willing and able to buy foreign products which leads to a decrease in domestic demand. Consequently, domestic producers reduce their supply since their products are less demanded and they will need to reduce costs... ]]> 2020-11-05 09:22:35 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893323151 https://padlet.com/klatyika/weodzptm4vstw303/wish/893324081 2020-11-05 09:22:59 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893324081 Swayam Q2 https://padlet.com/klatyika/weodzptm4vstw303/wish/893356660 An increase in tariffs will lead to a higher price of imports which will increase domestic demand. It will also increase domestic employment since the producers will be looking to employ more people in order to meet the demand. The increased demand and employment will contribute to a higher overall living standards of the people of the country as their wages will increase.]]> 2020-11-05 09:37:01 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893356660 baiji https://padlet.com/klatyika/weodzptm4vstw303/wish/893476731 Q1
    -there would be a increase in quantity supply due to the overall price level increases and this also lead to a increase in Qdemand
    - there would be decrease import due to there would be more tariffs  that the country have to pay
    -domestic consumer  would not willing to consume the product due to the higher price level, and their surplus deceases
    however demestic producer's surplus would increases because the consumer would purchase more domestic product due to the fact that the price of the imported product is higher
    government 's revenue would be higher because the tariff is higher. and domestic employment would be increases because the company would like to hire more people because the quantity demand of the domestic product is increases.

    -Dometic income distribution would become more euqal because there is increase in employment

    efficiency  would inceases

    foreign producer surplus would decreases because there is more imposed tariff.

    there would be a underallocation of the rescources

    ]]>     2020-11-05 10:32:14 UTC https://padlet.com/klatyika/weodzptm4vstw303/wish/893476731