An optimal tariff is one which reduces imports to the level at which ____ equals ____?

Related Mcqs:

International trade is based on the idea that ?

A. Exports should exceed imports B. imports should exceed exports C. Resources are more mobile internationally than are goods D. Resources are less mobile internationally than are goods...

Term of trade for a country are the ratio of _______________ to _____________?

A. its opportunity costs; world opportunity costs B. export prices; import prices C. Value of exports; value of imports D. its currency; other currencies...

If there is a balance of payments deficit then in a floating exchange rate system ?

A. The external value of the currency would tend to fall B. The external value of the currency would tend to rise C. The injections from trade are greater then the withdrawals D. Aggregate demand is increasing...

The movement to free international trade is most likely to generate short-term unemployment in which industries ?

A. Industries in which there are neither imports nor exports B. Imports competing industries C. Industries that sell to domestic and foreign buyers D. Industries that sell to only foreign buyers...

The terms of trade measure ?

A. The income of one country compared to another B. The GDP of one country compared to another C. The quantity of exports of one country compared to another D. Export prices compared to import prices...