Tariff - Trade Protectionism

Рет қаралды 231,329

EconplusDal

9 жыл бұрын

Tariff (Trade Protectionism) - The impact of a tariff on a market, diagram and analysis

Пікірлер: 113

@jamesbarwick1457 3 жыл бұрын

This bloke saves the UK gov from looking shitter in their education standards by single-handedly teaching us all of A-level economics

@alfreduriel3275 2 жыл бұрын

i dont mean to be off topic but does someone know a tool to get back into an Instagram account?? I was stupid forgot my account password. I would love any assistance you can give me.

@alfreduriel3275 2 жыл бұрын

@Everett Kane thanks so much for your reply. I found the site on google and im in the hacking process now. Looks like it's gonna take quite some time so I will reply here later with my results.

@alfreduriel3275 2 жыл бұрын

@Everett Kane it did the trick and I finally got access to my account again. Im so happy! Thanks so much you saved my account :D

@everettkane2282 2 жыл бұрын

@Alfred Uriel You are welcome :D

@knuckles140 2 жыл бұрын

Candy I know you're looking at this 😆

@suchanuch1 7 жыл бұрын

exam is today, never seen this diagram before. THANK YOU

@rookiezengamer7831 2 жыл бұрын

So did you fail the exam ?

@tdofeldt5742 2 жыл бұрын

Lol so on the exam day you just discover material that you cant remember going through. Thats like my nightmare.

@Zaza-vc5th 2 жыл бұрын

Your teacher was shit

@crispycharcoal9640 2 жыл бұрын

How did u do

@TomNeth 2 жыл бұрын

How did your economics go?

@amankataria1997 9 жыл бұрын

God bless you Sir.

@YourGuyDan 8 ай бұрын

tried to write an essay about protectionism as a law student and this helps me to understand the whole thing so much easier haha thank you

@SkizzlePiano 8 жыл бұрын

my economics teacher sucks, thanks so much

@sinethembayantolo 6 жыл бұрын

Lol ha ha ha ...

@sifarsifar2223 5 жыл бұрын

Mine too

@sandusky_skaii3485 3 жыл бұрын

Same bro, same.

@ladytrader6711 3 жыл бұрын

Thank you for feedback for more guidance whatsapp me W=H=A=T=S=A=P=P +1= 5=7=0=3=9= 7=7=9=9=7.

@namansavla4411 3 жыл бұрын

This man is a genius like no other... Only respect for you my man :)

@SonuKumar-tx9qv 2 жыл бұрын

I can never thank you enough, Sir. You are a saviour! Every video of yours I watched, went smooth as butter.

@omarchaudry 7 жыл бұрын

Thank you for all of your videos. They've been so helpful all with slow and careful understanding and without them I would've flopped my exams for sure.

@angadarneja1924 6 жыл бұрын

Super helpful for an IB Economics student ! I like how concise and to the point your videos are

@Anastasia_Beaverhausen 3 жыл бұрын

Thank goodness for you! You saved me on one of my economics problems I couldn't figure out... You're amazing!

@amtheman2000 6 жыл бұрын

i haven't had a teacher in a month for eco so we have to teach ourselves this, thanks for being a sub teacher :)

@ohyeahohyeah8855 5 жыл бұрын

dal looks so clean and fresh. no homo

@sandusky_skaii3485 3 жыл бұрын

u good bro?

@ohyeahohyeah8855 3 жыл бұрын

@@sandusky_skaii3485 😂😂😂😂

@sandusky_skaii3485 3 жыл бұрын

@@ohyeahohyeah8855 lmao

@charliecharles4495 4 жыл бұрын

don't think I've learnt a proper topic in like 10 mins before, your knowledge level is sillyyyy styll Respek my g

@knuckles140 2 жыл бұрын

bro english??????

@frost3954 2 жыл бұрын

Forcing it

@yunzeli 3 жыл бұрын

This is a great and easy to understand explanation!

@jacksyder-mills 9 жыл бұрын

So, the imposement of a tariff is another policy to reduce income inequality by increasing the price of imports, this can counteract an overseas country's comparative advantage perhaps due to low cost labour. This may allow, the domestic economy to hire more low-skilled workers, some who were previously structurally unemployed due to the occupational immobility of labour, with low-skilled workers employed in a country, like China with a low ULC.

@EconplusDal 9 жыл бұрын

Jack Syder-Mills Yes excellent argument with this chain of reasoning

@chenguangwang3876 5 жыл бұрын

Correct. but there are other questions. Will the increase of product price (as the result of comparative high cost domestic production) elevate the general living cost? Will the capital accept less profit and sacrifice some earnings to workers?

@alexsilk5648 4 жыл бұрын

Had no clue how to do this before but now it seems so simple

@ashff_ Жыл бұрын

Paper 3 today, this beautiful man is getting me thru it

@dhruvsingh97 8 жыл бұрын

YOUR BIGGEST FAN HERE !

@babyclam 3 жыл бұрын

really helped in my assignments!! kudos!!

@user-zd8rr5od8i 5 жыл бұрын

It’s really clear.thanks teacher

@smakaraiiiiv 4 жыл бұрын

Good video.. Also he is cute😍

@gorunmain 6 жыл бұрын

God bless you!

@brianpeng2577 5 жыл бұрын

thx for 9708/s19/22, we have protectionism for 8&12 essay and contents’ from your video about it helps a lot

@katieedwards9450 3 жыл бұрын

econplusdal you are a king

@DanStep-yo3pv 19 күн бұрын

LEGEND!

@ahmethakanalincak243 4 ай бұрын

The king in the noooorth you are king man

@nonoshafieda6061 7 жыл бұрын

Thanks for the explaination. Helps me a lot for my study. God bless you.

@likarizsyafarevy5934 6 жыл бұрын

Thank yo sirr so helpful!

@virendrachudasama4975 6 жыл бұрын

Thank you so much

@rifahtasfia8824 6 жыл бұрын

You are a life saver. I appreciate you. God bless you.

@aizazaheer8995 5 жыл бұрын

love youuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu. Thank you so much

@damlabaybar2466 2 жыл бұрын

awesome

@TheBeastystar 5 жыл бұрын

Round two baby!

@aadityasamant6207 3 жыл бұрын

Legend

@EvilNinja182 3 жыл бұрын

I swear to the lord no one understands the majesty that is this mans

@harsh0811 9 жыл бұрын

I still dont understand Low cost labour being met.... How?

@yeesha5674 8 ай бұрын

you’re so smart- I just- you know what you’re talking about.

@hello-jc1rx 3 жыл бұрын

thanks

@hordern_6607 12 күн бұрын

macro exam in less than 4 hours i am cooked

@theophelouszilole2367 Жыл бұрын

good

@ellarotherham9283 2 жыл бұрын

i love you 😘 bless you

@hamzam4160 9 жыл бұрын

you are on twitter too right?

@plizzy6844 3 жыл бұрын

Ily

@adamfn5171 Жыл бұрын

you're the don

@harsh0811 9 жыл бұрын

Why is there an increase in supply? Is it because of higher prices?

@PropellerSW 9 жыл бұрын

Harsh B It's an increase in the supply of the domestic demand, lowering the demand of the external goods

@ntwali.m6592 5 жыл бұрын

my exam is tomorrow.. thank you

@piruzastepanyan9531 5 жыл бұрын

same. IB Economics?

@ntwali.m6592 5 жыл бұрын

@@piruzastepanyan9531 LMAO, yeah paper 2 and 3... and you know what the sad part is we didn't finish the syllabus. I know nothing in development

@piruzastepanyan9531 5 жыл бұрын

ntwali .m saammee😂 I’m trying to figure something out. After how many hours is your exam?

@ntwali.m6592 5 жыл бұрын

@@piruzastepanyan9531 😂 uhhm right now its 9:00 and my exam is at 8:00 am tomorrow..i'm tired AF

@piruzastepanyan9531 5 жыл бұрын

ntwali .m me too. I had math hl exams last 3 days. IM SO DONE WITH IB

@Gsoda35 Жыл бұрын

I would only use tariffs to even out outside competition who use cheap labour to sell products in my country. people often say tariffs are bad without understanding the whole picture.

@Wasteman365 2 жыл бұрын

Ily Vikk

@aaryansriram7665 2 жыл бұрын

😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘🍆😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘

@yessssirrrrr2294 2 жыл бұрын

Humza he is truly magnificent. I love him too

@jessicalv6442 3 жыл бұрын

I still can't understand why world supply is perfectly elastic. Can someone help me with that?

@jessicalv6442 3 жыл бұрын

And why do I not moving the supply curve after tariff(because I always move supply curve when the tax is being imposed), instead, I should move the world price?

@eddie1252 3 жыл бұрын

perfectly elastic - Firstly, price can't be lower than this because of the comparative advantage (The cheapest possible way of producing it globally has been found). The good is being supplied somewhere in the world at the lowest price, say through cheap labour in Asia, so everyone would buy from there. Secondly, If anyone supplied at a higher price, whether that be through choice, or because the cost of production is higher, no one would pay more when they could just buy from Asia still. This is why the price is elastic - everyone is forced to be at the same level.

@eddie1252 3 жыл бұрын

moving supply curve - you're right, normally you would, however this diagram shows domestic supply and domestic demand (that of a nation). A tariff is a tax imposed on imports to the nation, so doesn't affect their own ability to supply the good. What happens rather, is that they charge other nations to export to them, which is why the overall price will rise. The tariff is moving the supply curve of the producing nation to the left, raising the price for us, shown in the increase of price (PW to PW+T).

@jessicalv6442 3 жыл бұрын

@@eddie1252 Thank you for that! Another question, why world price is equal to world supply?

@eddie1252 3 жыл бұрын

@@jessicalv6442 I don't think it matters too much why, just think of the tariff diagram as completely independent from other diagrams. The sole purpose of this diagram is to show what happens AFTER a tariff is introduced, so the best way to show that would be by having an initial price level, then an additional one above it to show the increase in price from the tariff. Many diagrams at A-level econ are only drawn to show the point being made, and don't need to be practical.