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Government Policy and International Trade, Tariffs - Coggle Diagram
Government Policy and International Trade
Free trade
Instruments of Trade Policy
Subsidies
Import Quotas and Voluntary Export Restraints
import quotas
tariff rate quotas
voluntary export restraint (VER)
Quota rent
Export Tariffs and Bans
Export tariff
Export ban
Local Content Requirements
administrative policies
antidumping policies
The Case for Government Intervention
Tariffs
Impact
force consumers to pay more for certain imports
increase government revenues
are pro-producer and anti-consumer
reduce the overall efficiency of the world economy
Specific tariffs
Ad valeorem tariffs