In developed countries, tariffs on raw materials tend to be ?

Related Mcqs:

_______ represents the difference between what consumer have to pay for a product and what they are willing and able to pay ?

A. producer surplus B. deadweight surplus C. government surplus D. consumer surplus...

The difference between what consumers have to pay for a particular and what they are willing to pay is known as ?

A. consumer surplus B. producer surplus C. deadweight costs D. deadweight surplus...

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...

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...

The effective rate of protection ?

A. distinguishes between tariffs that are effective and those that are ineffective B. is the minimum level at Which a tariff becomes effective in limiting imports? C. shows how effective a tariff is in raising revenue for the government D. shows the increase in value added for domestic production that a particular tariff structure makes … The effective rate of protection ?Read More...