I’m stuck on a Economics question and need an explanation.
1.Explain the different between tariff and quota
Like:Tariff: markets decide quantity
Quota: government decides quantit
2.Why tariffs are #1 form of protection? (2 to 3 reasons)
Justifications for protection?
3.Why uncertainty is really important in international trade?
4.Culture:why important in business world?
Diference between face saving success culture base
Saying yes even if you mean no? Know what international trade is (we live in a global economy so what does that mean?)
5.Define what an American made product is
There is no such thing
Global trade means everything wu use has been imported/exported somewhere
6.define what taboos are-universal (but not for outside) inside V. outsides
7.Different between imports and exports
8.Define comparative advantage – be able use lower opportunity cost
9.Other types of protection beside tariffs and quotas
10.Types of tariffs and how fully work
11.Why must we take Economics of Globalization class?