Trade and tariffs | APⓇ Microeconomics | Khan Academy
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- Опубліковано 13 жов 2024
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When governments impose restrictions on international trade, this affects the domestic price of the good and reduces total surplus. One such imposition is a tariff (a tax on imported or exported goods and services). See how a tariff impacts price, consumer surplus, producer surplus, tax revenue, and deadweight loss in this video.
AP(R) Microeconomics on Khan Academy: Microeconomics is the study of individual decisionmakers in an economy, such as people, households, and firms. Learn how markets work, how incentives drive decisionmaking, and how market structure influences market outcomes. We hit the traditional topics from an AP Microeconomics course, including basic economic concepts, markets, production and costs, profit maximization perfect competition, imperfectly competitive market structures, game theory, factor markets, and income inequality.
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first video that was so simply and logically! Thank you!
Thankyou so much, this is helping my homework a lot
How sal teach everything from biology to calculus to now economics!!!!
*teaches
@Jesse Stetson instablaster =)
@Kannon Braylon I really appreciate your reply. I got to the site on google and im trying it out atm.
Takes a while so I will get back to you later when my account password hopefully is recovered.
@Kannon Braylon it did the trick and I finally got access to my account again. I am so happy:D
Thank you so much, you really help me out !
@Jesse Stetson you are welcome :D
thank u so much, i got really clear after watching your videos
I didn't catch anything, but it sounds good)
ND'A Records lmao
thank you so much. Now i got the clear concept
Very helpful, many thanks
Would be great to see how an excise tax affects an open market :p
Great❗
The most perfect video
Thank you sir, super helpful and concise!
I'm not enrolled in AP Microeconomics, yet I'm still watching this video for fun. Most people my age don't know what a tariff is. What am I doing with my sad and boring life?
No, but you hardly cover this in Micro, but good for you cause this is way ahead. This mostly covers International Economics or Econ 358.
Probably creating a brighter future for yourself and others.
thank you heaps!
Thank you so much!! Very helpful:)
Why is there dead weight in tariff scenario. Why can't the revenue be the remaining trapezium. You have drawn a rectangle here. Can you explain that part? Thanks.
cuz the government only gets revenue from the imports
THANK YOU
Thanks
please send this video to dolt45
Evidently you didn't get it. LMAO
Everybody: trading
China: imposes tariffs on everything
Who pays the tariffs a country's government imposes? The people under that government. Chinese citizens pay them just like you pay them your government imposes them. People seem to think the country a tariff is applied to pays..not true. The consumer pays it through higher prices. It is a tax on the people of the country that creates the tariff.
Tariff quota trade + Right to Work legislation + lower corporate tax rates = Banana Republic economics
how do you find the gradient of the lines?
cool bro
Good stuff man
TOP (y)
Well actually tariffs protects, the economy of nation states. The founders of the US Republic believed that thoroughly. Tariff allowed the US to become the greatest and most innovative manufacturing economy in history. While keeping cheap and slave labor products out of the US, produced the greatest middle class in history. When tariffs were removed by the implementation of the General Agreement of Tariffs and Trade ( GATT ). American Labor was forced to compete with those cheap and slave labor economies..
Yes, tariffs are bad. Or are they? Neodymium, oil, and gold tariffs would indeed bring in revenue without killing American business. Those are the only 3 tariffs that would work.
but it'd also increase prices and expenditure of all companies who were using those products. it's like taking money from one set of companies giving it to others.
🤔
7. The tariff levied in a "large country" (Home), lowers the world price of the imported good. This
causes
A) no change in the foreign price of the good it imports.
B) foreign consumers to demand less of the good on which was levied a tariff.
C) domestic demand for imports to decrease.
D) domestic demand for imports to increase.
E) foreign suppliers to produce less of the good on which was levied a tariff.
This was an old exam question, but I think it is phrased weirdly? In relation to the video a tariff would increase the world price right? So I don't know what to answer in this instance? Otherwise I would have answered C. Can anyone help me?
The question is kinda confusing...how can a tariff(import tax) reduce the price of the actual imported good.....Tariff is a tax on the original price of the imported good, it doesn't affect the price of good, it increases the price at which it is sold in local markets.
The response was two years late, probably grew up. Had kids, maybe got divorced and then moved onto second family.@@workaholicrhythm. Now looking at your post 2 years later, probably the same goes for you
first view
you start with a closed economy yet you use world price to begin with. This is misleading.
anti tariff man
It's not about trade. It's about exporting jobs for cheap labor. China has nothing we need except cheap labor which advanced technology has made possible more than ever. We handed China an economy at the expense of our own.
What’s up
Second
Trade is ELASTIC. People will substitute. People will not purchase. Companies will move their supply chains to better countries.
TARIFFS WORK!
11th
no audio
That's on you
fourth
free Palestine and end globalization
The reason you're able to talk about Palestine is because of globalization
@@irix5093 care to elaborate?
how do you find the gradient of the lines?