A tariff ______ increase a country overall welfare?

Related Mcqs:

With free trade the total quantity of imports would equal ?

A. 10,000 units B. 40,000 units C. 42,000 units D. 50,000 units...

With the tariff, the quantity of imports falls to ?

A. 12,000 units B. 20,000 units C. 30,000 units D. 42,000 units...

If I purchase a stereo from South Korea, I obtain the stereo and South Korea obtains the dollars But if I purchase a stereo produced in the Pakistan I obtain the stereo and the rupees remain in Pakistan, This line of reasoning is ?

A. valid for stereos, but nor for most products imported by Pakistan B. valid for most products imported by Pakistan but not for stereos C. deceiving since Koreans eventually spend the dollars on Pakistani goods D. deceiving since the dollars spent on a stereo built in the Pakistan eventually wind up overseas...

Specific tariffs are collected as ?

A. fixed amount of money per unit traded B. a percentage of money per unit traded C. a percentage of the quantity of imports D. All of the above...

In today’s world, most countries impose tariffs ?

A. only on imports B. only on exports C. on both imports and exports D. on imports exports and nontraded goods...