What is monopsony market?

Discuss how import taxes affect a market. Be sure to explain what happens to the market?

• Discuss how import taxes affect a market. Be sure to explain what happens to the market for the imported goods (price and quantity bought/sold) and for the same goods created here in this country (price and quantity bought/sold). Explain why this may be a good thing for this market and explain why it is a bad thing for this market. (Hint: Consider the problem from both the seller and the buyers perspective,

• Answer:

  Sure let me do your home work.... Import taxes effect the market in different ways take the import tax like the tax on steel in the late 90's through the 2000's. This tax made the price of steel expensive while the price of auto's was relatively slow to go up (different law put on the books at the time). The lax of tax can also mean that to many products are introduced into the market, say that imported lumber for houses is not taxed, than the price of houses should go down since the price of material is low, again 90's-2000's. Although not apparent, during day to day trading it is visible at the time the tax is passed and when the "cost" of the tax catches up with the companies, country, and consumers. And that is why Clinton is a punk, and it really wasn't Bush's fault.