With free trade the total value of imports would equal ?

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...

Most tariffs have ?

A. only revenue effects B. only protective effects C. Both protective and revenue effects D. neither protective or revenue effects...

A tariff ______ increase a country overall welfare?

A. will always B. will never C. can sometimes D. None of the above...

Suppose that the offshore assembly provisions (OAP) of the United States are granted to finished computers that are imported and produced domestically This policy will tend to ?

A. cause foreign assemblers of computers to use more computer components that are supplied by countries other than the United States B. Increase the Price of computers to consumers in the United States C. Increase the Production of computers in the United States D. Increase the production of computer components in the United States...

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...