Suppose that the domestic government allows a specific number of goods to be imported each year, but it does not specify from where the product is shipped or who is permitted to import Such a trade barrier is known as ?

Related Mcqs:

If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to ?

A. foreign corporations B. foreign workers C. domestic corporations D. The domestic government...

To maintain that South koreans are dumping their DVDs in the United States is to maintain that ?

A. Koreans are selling DVDs in the U.S below their production cost B. Koreans are selling DVDs is the U.s above their productions cost C. The cost of manufacturing DVDs in Korea is lower in Korea than in the U.S since wages are lower in Korea D. The cost of manufacturing DVDs in Korea is … To maintain that South koreans are dumping their DVDs in the United States is to maintain that ?Read More...

The firm would maximize profit by selling computers in the United States at a price of __________ and _________ computers in Japan at a price of __________?

A. 200, $2,000, 100 $1,000 B. 300, $1,800, 800 $800 C. 300, $1,800, 400 $800 D. 500, $1,400, 400 $800...

Under a tariff- rate quota ?

A. The within-quota tariff rate exceeds the over-quota tariff rate B. the over-quota tariff rate exceeds the with-quota tariff rate C. The within-quota tariff rate equals the over-quota tariff rate D. The within-quota tariff rate plus over-quota tariff rate equal 100 percent...

For year the U.S government levied quotas on inexpensive oil imported from the Middle East The quotas led to cost increases for U.S consumers totaling $3 billion for oil products. An apparent justification of this policy was that ?

A. U.S oil companies and workers deserved higher incomes B. U.S oil was of superior quality and merited higher prices C. one should not be too dependent on foreign suppliers of crucial resources D. The U.S government needed the quota revenue to balance its budget...