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.
@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.
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.
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?
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.
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?
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.
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 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.
This bloke saves the UK gov from looking shitter in their education standards by single-handedly teaching us all of A-level economics
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.
@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.
@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
@Alfred Uriel You are welcome :D
Candy I know you're looking at this 😆
exam is today, never seen this diagram before. THANK YOU
So did you fail the exam ?
Lol so on the exam day you just discover material that you cant remember going through. Thats like my nightmare.
Your teacher was shit
How did u do
How did your economics go?
Super helpful for an IB Economics student ! I like how concise and to the point your videos are
This man is a genius like no other... Only respect for you my man :)
I can never thank you enough, Sir. You are a saviour! Every video of yours I watched, went smooth as butter.
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
i haven't had a teacher in a month for eco so we have to teach ourselves this, thanks for being a sub teacher :)
Thank goodness for you! You saved me on one of my economics problems I couldn't figure out... You're amazing!
my economics teacher sucks, thanks so much
Lol ha ha ha ...
Mine too
Same bro, same.
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.
don't think I've learnt a proper topic in like 10 mins before, your knowledge level is sillyyyy styll
Respek my g
bro english??????
Forcing it
God bless you Sir.
Paper 3 today, this beautiful man is getting me thru it
dal looks so clean and fresh. no homo
u good bro?
@@Sandusky2002 😂😂😂😂
@@ohyeahohyeah8855 lmao
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.
Jack Syder-Mills Yes excellent argument with this chain of reasoning
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?
Imposition* mate
Had no clue how to do this before but now it seems so simple
YOUR BIGGEST FAN HERE !
This is a great and easy to understand explanation!
Good video.. Also he is cute😍
The king in the noooorth you are king man
inspirational
really helped in my assignments!! kudos!!
econplusdal you are a king
You are a life saver. I appreciate you. God bless you.
you’re so smart- I just- you know what you’re talking about.
LEGEND!
Legend
I swear to the lord no one understands the majesty that is this mans
my exam is tomorrow.. thank you
same. IB Economics?
@@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
ntwali .m saammee😂 I’m trying to figure something out. After how many hours is your exam?
@@piruzastepanyan9531 😂 uhhm right now its 9:00 and my exam is at 8:00 am tomorrow..i'm tired AF
ntwali .m me too. I had math hl exams last 3 days. IM SO DONE WITH IB
It’s really clear.thanks teacher
thx for 9708/s19/22, we have protectionism for 8&12 essay and contents’ from your video about it helps a lot
macro exam in less than 4 hours i am cooked
Thanks for the explaination. Helps me a lot for my study. God bless you.
Round two baby!
love youuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu. Thank you so much
God bless you!
awesome
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.
Thank yo sirr so helpful!
Ily Vikk
😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘🍆😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘😘
Humza he is truly magnificent. I love him too
I still dont understand Low cost labour being met.... How?
Why is there an increase in supply? Is it because of higher prices?
Harsh B It's an increase in the supply of the domestic demand, lowering the demand of the external goods
you are on twitter too right?
Thank you so much
you're the don
I still can't understand why world supply is perfectly elastic. Can someone help me with that?
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?
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.
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).
@@eddie1252 Thank you for that! Another question, why world price is equal to world supply?
@@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.
thanks
good
i love you 😘 bless you
Ily
what happen bro ?
COME BACK TO BROMSGROOOOVEEEEE!!!!!
Ohh now I know why they call you vikkstar
🤓
Bir de alt yazılı olsaydi
"Buy American"
kahe paka raha hai be
Dal come to bed daddy, im trying to learn the shapes your showing on the diagram whilst wanting to grab your shapes
awesome