Import quotas tend to result in all of the following except ?

Related Mcqs:

If a tariff and import quota lead to equivalent increases in the domestic price of steel, then ?

A. the quota results in efficiency reductions but the tariff does not B. The tariff results in efficiency reductions but the quota does not C. They have different impacts on how much is produced and consumed D. They have different impacts on how income is distributed...

In a tariff and import quota lead to equivalent increase in the domestic price of steel, then ?

A. The quota results in efficiency reductions but the tariff does not B. The tariff results in efficiency reductions but the quota does not C. They have identical impact on how much is produced and consumed D. They have identical impact on how income is distributed...

By practicing price discrimination, the firm would realize profits totaling ?

A. $160,000 B. $420,000 C. $540,000 D. $660,000...

The reason for dumping is that the demand curve for ABC Co’s computers is _______ because ________ are available from other nations?

A. more elastic in Japan, more substitutes are available from other nations B. more elastic in Japan, fewer substitutes are available from other; nations C. more inelastic in Japan; more substitutes are available from other; nations D. more inelastic in Japan; fewer substitutes are available from other nations...

A production subsidy that is granted to a producer of an import-competing good ?

A. does not require government taxes to finance it B. yields the same deadweight welfare loss as an import tariff or import quota C. has only a consumption effect deadweight loss D. has only a protective effect deadweight loss...