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

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...

What type of trade barrier was used to protect U.S auto firms from foreign competition during 1981 – 1984 ?

A. export quotas imposed by the Japanese government B. export tariffs imposed by the Japanese’s government C. import quotas imposed by the U.S government D. domestic subsidies granted by the U.S government...

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

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

Governments around the world tend to auction quota licenses ?

A. never B. seldom C. often D. always...

international dumping may involve ?

A. selling goods to foreigners at a price below that charged domestic consumers B. selling goods to foreigners at a price below the cost of production C. antidumping duties being levied on the imported, dumped goods D. All of the above...