A tariff of ________ would be prohibitive causing imports to fall to zero?

Related Mcqs:

Most tariffs have ?

A. only revenue effects B. only protective effects C. Both protective and revenue effects D. neither protective or revenue effects...

If a country an imposes an import tariff, its welfare can improve if ?

A. the country is a small country rather than a larger country B. its terms of trade improve enough C. The tariff enhances the welfare of its trading partners D. Its government’s tax revenue increases because of the tariff...

A tariff ______ increase a country overall welfare?

A. will always B. will never C. can sometimes D. None of the above...

If a nation fitting the criteria for the large nation model imposes an import tariff ?

A. the domestic price of the product will increase by more than the tariff itself B. The domestic price of the product will increase by the same amount as the tariff C. The domestic price of the product will increase by less than the tariff D. None of the above...

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...