Question

I WILL FAN AND MEDAL!
Import Quota: The U.S. government limits automobile imports to a total of 4 million vehicles per year.
who will this hurt?
who will this benefit?

Answer 1

I do guess no one is going to be benefited

Answer 2

then why would they ask who benefits?

Answer 3

Hmm, well the government will benefit...if there is a limit to the amount of vehicles, the price for each one will rise to still make a profit, thus making the government more money. This, at the same time, hurts consumers because of the price inflation

Answer 4

thank you! do you mind if i ask you one more @johnweldon1993 ?

Answer 5

Well of course, not sure if I'll be able to answer it but I'm sure someone else can If I cant :)

Answer 6

Embargo: The U.S. government begins an embargo against Country X. The embargo applies to both imports from Country X and U.S. exports to Country X.

Who would benefit from the embargo against Country X? Who would be hurt by it? Be sure to consider both producers in Country X and foreign producers in other countries. Explain your answer.

thank you so much

Answer 7

Hmm, well lets see...an embargo would be stopping all trade with a country...so if one is started against country X. We take no imports from X...and give nothing to X.

So ultimately no one benefits, both the US and X would be hurt in the sense we no longer receive what we need from them and we also are not sending out things that would make the US money.
Also, in terms of foreign producers, if country X no longer receives services from the US, whoever would trade with X in exchange for US goods, could no longer do so...so they are hurt as well

Answer 8

ok thank you so much your awesome!

Answer 9

Anytime hun :)