Wednesday, December 23, 2009

Unit 2: Import tarifffs on Chinese/Vietnamese shoes

This BBC clip (and article) explains the reasons for import tarifffs on Chinese/Vietnamese shoes video article

a) Why have the tariffs been imposed?
b) Using a diagram, show the effect of the tariff on imported Chinese/Vietnamese shoes
c) Given the tariff is 1.5 Euro on a 50 Euro pair os shoes, comment on the likely effectiveness of the tariff
d) How likely do you think the tariff has been in helping the survival of the European shoe industry?

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