A tariff that prohibits imports has only ?

Related Mcqs:

If we consider the impact on both consumers and producers, then protection of the steel industry is ?

A. In the interest of the U.S as a whole but not in the interest of the state of Pennsylvania where steel mills are located B. In the interest of the U.S as a whole and in the interest of the state of Pennsylvania C. Not in the interest of the U.S as a whole, … If we consider the impact on both consumers and producers, then protection of the steel industry is ?Read More...

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

A. $10 B. $15 C. $20 D. $25...

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...

With free trade the total value of imports would equal ?

A. $100,000 units B. $400,000 units C. $600,000 units D. $800,000 units...

Suppose that Pakistan imposes a tariff on ballpoint pens of 25 rupees per pen plus 12 percent of the pen’s value, this is an example of a (an) ?

A. specific tariff B. ad valorem tariff C. compound tariff D. effective tariff...