With the tariff the government collects?

Related Mcqs:

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...

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

A. highest of all B. higher than on manufactured goods C. equal to tariffs on manufactured goods D. lower than on manufactured goods...

The national security argument for protection is more likely to be valid when ?

A. The purpose is to maintain protection for an indefinite time period B. The industry is characterized by increasing returns to scale C. The economy operates during a recession D. The protected industry provides invaluable goods during periods of war...

Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff rate equals ?

A. 5 percent B. 10 percent C. 15 percent D. 20 percent...

With free trade the total value of imports would equal ?

A. $100,000 units B. $400,000 units C. $600,000 units D. $800,000 units...