The home country government can confiscate the revenue effect of an import quota if ?

Related Mcqs:

In the absence of trade, Canada’s equilibrium price and quantity equal ?

A. $65 and 40 calculators B. $55 and 20 calculators C. $45 and 25 calculators D. $30 and 40 calculators...

To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals _____ and the deadweight loss of the subsidy to the Canadian economy equals _________?

A. 20 calculator, $50 B. 20 calculator, $100 C. 25 calculator, $50 D. 25 calculator, $100...

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...