With the tariff, the quantity of imports falls to ?

Related Mcqs:

If a nation fitting the criteria for the small nation model imposes a 10 percent tariff on imports of autos ?

A. The price of autos within the nation will rise by 10 percent B. The price of autos within the nation will rise by less than 10 percent C. The price of autos within the nation will rise by more than 10 percent D. The price of autos will not rise because of internal competition...

_______ represents the difference between what consumer have to pay for a product and what they are willing and able to pay ?

A. producer surplus B. deadweight surplus C. government surplus D. consumer surplus...

For advanced countries such as the United States, tariffs on imported raw materials tend to be ?

A. equals to tariffs on imported manufactured goods B. lower than tariffs on imported manufactured goods C. higher than tariffs on imported manufactured goods D. The highest of all tariffs...

Suppose that the nominal tariff rate on finished computers is 12 percent and that the weighted average of the nominal tariff rates on the inputs used in producing computers is 18 percent. Thus, the effective rate of protection for the computer industry must ?

A. be less than 12 percent and can be negative B. be less than 12 percent but must be greater than zero C. equal 6 percent D. exceed 30 percent...

Concerning a government’s trade policy, all the following generally apply except ?

A. economic downturn and recession generally result in greater protectionism B. because domestic consumers outnumber domestic producer’s policy markers usually enact Free-trade policies to satisfy the consumer majority: C. When domestic exporting companies are organized, policy tends to favor freer trade D. Policy tends to favor freer trade in countries whose imports are inputs into … Concerning a government’s trade policy, all the following generally apply except ?Read More...