If a country an imposes an import tariff, its welfare can improve if ?

Related Mcqs:

Ad valorem tariffs are collected as ?

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

If a small country imposes a tariff on an imported good, its terms of trade will ?

A. improve B. worsen C. not change D. any of these...

A tariff that prohibits imports has only ?

A. a revenue effect and redistribution effect B. revenue effect and protection effect C. consumption effect and protection effect D. redistribution effect and consumption effect...

If a nation fitting the criteria for the large nation model imposes an import tariff ?

A. the domestic price of the product will increase by more than the tariff itself B. The domestic price of the product will increase by the same amount as the tariff C. The domestic price of the product will increase by less than the tariff D. None of the above...

Suppose that the nominal tariff rate on finished computers is 12 percent and that the weighted average of the nominal tariff rates on the inputs used in producing computers is 18 percent. Thus, the effective rate of protection for the computer industry must ?

A. be less than 12 percent and can be negative B. be less than 12 percent but must be greater than zero C. equal 6 percent D. exceed 30 percent...