In this article we will discuss about the meaning and types of tariffs imposed on imports and exports. Meaning of Tariffs: A tariff is a duty or tax imposed by the government of a country upon the traded commodity as it crosses the national boundaries. Tariff can be levied both upon exports and imports. The tariff or duties imposed upon [...]
In this article we will discuss about:- 1. Tariff and Income Distribution—Stopler-Samuelson Theorem Again 2. The Metzler Paradox 3. The Lerner Symmetry Theorem. Tariff and Income Distribution—Stopler-Samuelson Theorem Again: The Stopler-Samuelson Theorem dealt with the change in income distribution on account of international trade. These writers stated that free or unrestricted international trade would benefit the relatively abundant factor and [...]
In this article we will discuss about the theory of optimum tariff. It is, of course, true that tariff, and in certain situations may fail to improve the terms of trade of a given country. There is, however, a widespread belief that tariffs can improve the terms of trade. This leads to a vital question, viz., to what extent a [...]