Trade and tariffs | APⓇ Microeconomics | Khan Academy
Keep going! Check out the next lesson and practice what you’re learning:
www.khanacademy.org/economics...
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.
About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content.
For free. For everyone. Forever. #YouCanLearnAnything
kzread.info_...
Пікірлер: 56
first video that was so simply and logically! Thank you!
Thankyou so much, this is helping my homework a lot
Very helpful, many thanks
thank you so much. Now i got the clear concept
How sal teach everything from biology to calculus to now economics!!!!
@alevator606
4 жыл бұрын
*teaches
@kannonbraylon1549
2 жыл бұрын
@Jesse Stetson instablaster =)
@jessestetson1228
2 жыл бұрын
@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.
@jessestetson1228
2 жыл бұрын
@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 !
@kannonbraylon1549
2 жыл бұрын
@Jesse Stetson you are welcome :D
Thank you so much!! Very helpful:)
thank u so much, i got really clear after watching your videos
Would be great to see how an excise tax affects an open market :p
Thank you sir, super helpful and concise!
THANK YOU
thank you heaps!
The most perfect video
Thanks
I didn't catch anything, but it sounds good)
@baffyntiamoah1514
4 жыл бұрын
ND'A Records lmao
cool bro
how do you find the gradient of the lines?
Everybody: trading China: imposes tariffs on everything
Good stuff man
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?
@eduardoramirez9162
Жыл бұрын
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.
@nafisa.t13
7 ай бұрын
Probably creating a brighter future for yourself and others.
please send this video to dolt45
@P11247
5 жыл бұрын
Evidently you didn't get it. LMAO
TOP (y)
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.
@csantana1
4 жыл бұрын
cuz the government only gets revenue from the imports
Tariff quota trade + Right to Work legislation + lower corporate tax rates = Banana Republic economics
first view
Second
11th
What’s up
anti tariff man
fourth
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?
@workaholicrhythm
3 жыл бұрын
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.
@LearnH2L
4 ай бұрын
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
you start with a closed economy yet you use world price to begin with. This is misleading.
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.
@troooooper100
3 жыл бұрын
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.
no audio
@ParistonHxH
3 жыл бұрын
That's on you
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.
Trade is ELASTIC. People will substitute. People will not purchase. Companies will move their supply chains to better countries. TARIFFS WORK!
free Palestine and end globalization
@irix5093
2 ай бұрын
The reason you're able to talk about Palestine is because of globalization
@JD-ve6kn
2 ай бұрын
@@irix5093 care to elaborate?
how do you find the gradient of the lines?