Protectionist Tariffs
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- čas přidán 27. 08. 2024
- While Economists generally agree that free trade creates more winners than loser, policymakers don't always agree, and turn to protectionism to shelter domestic producers from foreign competition.
A tariff is one form of protectionism employed around the world by governments to shelter domestic firms from cheap imports. This lesson examines the impact tariffs have on the market for an imported good and evaluates their effect on different stakeholders, including consumers, producer and the government.
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these are so much better than the book....takes like an hour to read book material...but you condensed it perfectly to under 12 minutes. you're the best!
who else vibin to this intro
Legit
this man saved my economics grade
Thank you so much, please upload more videos with your explanation I believe I can pass my economic class.
This guy is the best way better than my Econ professor
Hey thank you very much, this video was super helpful in understanding how to analyze how tariffs affect the economy! Hope you continue to make videos :)
The world tried protectionist trade policies once before during the Great Depression, and it failed miserably. In the end, it ends up hurting the consumers. However, countries do have some form of protectionism, from time to time, especially to protect 'Infant Industries' and guard against 'Dumping'. But most of these policies should be time bound, otherwise it ends up hurting the very people whose interests you are trying to protect.
thanks for the videos
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This guy types like a machine
yes it helps local apple guys but also hurt consumers
OK so riddle me this then Batman, what made the imported goods cheaper in the first place?
comparative advantage and international competitiveness, other nations can produce apples more efficiently, thus can charge lower prices
I can never understand what the graphs mean because of the "weird" abbreviations.
Really? I thought it was fine
@@plizzy6844 The thing is I have no idea what they mean
@@josephpostma1787 which ones?
@@plizzy6844 All of them.
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