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Economic Geography Take Home Study Guide

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Blue Rybo-LoPresti
Mahidol University International College u5980504 December 3rd, 2017

Economic Geography Take Home Final

Q1: Discuss some of the variations related to the gender based contributions to the economy found within two different regions. How do these affect business practices?

Gender based differences in the economy vary from country to country. Traditionally, men have played the center role of most domestic as well as the world economy. However, in recent years more and more women are joining the workforce in all types of industries. This is seen as a good thing for nations. As more women work, the economy grows. Women in the workforce is also correlated with decreasing infant mortality rates. While most countries agree that …show more content…

Tariffs are taxes placed on imported goods. An effect of this is that it increases the price of those goods on the domestic market. The tax money goes to the government whom benefits off of the tariff revenue. Since tariffs increase the price of the goods, less of the good is produced, and consumers pay higher prices. The graph below shows the effect of a tariff on a supply curve. Lines S0 and D0 show the supply demand curve before tariffs. Line St shows the supply curve with a tariff imposed.

Quotas are quantifiable limits placed on imported goods by the government. This type of trade restriction usually involves limiting the number of imported goods for a certain period of time. The consumer's end up paying more, and the producers benefit by selling at a higher price.
Countries often use quotas to help their allies and hinder their enemies. An example of this is the sugar quota in the United states. The US puts quotas on cuban imported sugar so that their ally the Philippines can sell more sugar to the US.
In addition, tariffs and quotas are used to protect a wide variety of industries around the world. For example, a country might want to impose tariffs and quotas on certain good such as agriculture and fishing industries to protect their domestic industry and the workers who make a living of of producing such goods. This in turn can save many jobs and prevent unemployment rates from

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