In Agricultural Trade Agreements, three categories of distortionary policies exist, called Market access restrictions, Domestic support and Export subsidies. Discuss each of these categories using suitable examples
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In Agricultural Trade Agreements, three categories of distortionary policies exist, called Market access restrictions, Domestic support and Export subsidies. Discuss each of these categories using suitable examples
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- You are given a brief about Ghana highlighting the following points: About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food. The majority of Ghana's people live in rural areas and exist on a subsistence way of life. Ghana has one of the highest rates of income inequality in the world. Nearly half of the population is employed in agriculture. A representative from Ghana's agricultural organisation is very much in favour of closing borders. He argues that consumers and producers will benefit from this. Is he right? Who would benefit most, are there any losers from the policy?Graphically explain the negative effects of quotas. How about subsidies? Label and explain results in detail.Hello, I need help with finding sources and arguments that go against this statement: "American subsidies on agricultural products are harming the poorest people in the world and should be immediately eliminated." What sources and data should I use to refute this statement? Can you please provide some links, so I can see the sources/data?
- Refer to above Figure. Suppose the free-trade price is $85. Also, assume an export subsidy of $10. Calculate the total cost to the government for the export subsidy. $10,000 $14,000 $5,000 $19,000.Under the WTO's rules, which of the following is NOT a prohibited subsidy? The government gives a tax incentive to companies that export 100% of what they produce The government gives a tax incentive to companies that use 30% domestically produced components The government gives a tax incentive to companies that invest in Research and Development (R&D), but does not require them to export any specific amount or use a specific amount of domestic contentAfter the creation of a free trade area involving five nations, higher-cost external producers of ri within the free trade area. This is known as
- In the picture below is the full question. The highlighted one is my guess which is wrong. Which of the following best explains how subsidies work as a trade restriction? A)They increase competition for a new business, forcing it to be more productive, and lowering prices for consumers. B)They limit the import of foreign goods and create shortages. C)They place a tax on foreign goods, making foreign good expensive, increasing demand for domestic goods(this one is wrong) D)Governments pay producers, offsetting costs, increasing supply, lowering prices, and reducing foreign competition.The demand and supply functions for a product in two large countries are given as: Country A Country B Qd = 56 - 4P Qd = 110 – 4P Qs = -4 + 2P Qs = -10 + P The importing country imposes an ad valorem tariff of 20%. Calculate the change in consumer surplus, producer surplus, government revenue and social welfare after the imposition of tariff in the importing nation.The term external to the exchange. refers to a market exchange that affects a third party who is outside or a) private costs b) externality c) market failure d) social costs
- Suppose that the world price of a gallon of gasoline is $2.00 dollars per barrel and the US can buy all the gas it wants at this price. Suppose also that the demand and supply schedules for gasoline in the US are as follows: Price ($ per gallon) US Quantity demanded US quantity supplied $1.00 65 35 $1.50 60 40 $2.00 55 45 $2.50 50 50 $3.00 45 55 Suppose the US imposes a $.50 tax per gallon on imported gas. What quantity would Americans buy? How much of this would be supplied by American producers? How much would be imported? Who is helped and who is hurt among the following groups: domestic consumers, domestic gasoline…If a small country uses a quota to limit imports of a particular product, producers in the foreign country will receive some benefits if the country allocates its quota by Group of answer choices auctioning permits that allow winning bidders to import the good asking its trade partner to use a voluntary export reduction giving the quota rights away to home retailers using a rent-seeking methodDomestic demand for natural gas in a small economy is characterized by the equation P=350-5Q, domestic supply is characterized by the equation Q=0.5.P+35, and the world price is equal to $60. An export subsidy of $10 per unit will Group of answer choices increase export by the same amount as a production subsidy of $10 per unit cost the government $140 cost the government more than a production subsidy of $10 per unit lower consumer surplus by $10 Domestic demand for natural gas in a small economy is characterized by the equation P=350-5Q , domestic supply is characterized by the equation Q=0.5•P+35 , and the world price is equal to $60. A production subsidy of $10 per unit will Group of answer choices result in domestic production level of 68 increase domestic welfare result in exports of 12 units increase government revenue by $700