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.Management Sciences
Category: Non-Tariff Trade Barriers
A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product’s value must be produced domestically if that good is to be sold in the domestic market ?
A. domestic subsidy
B. voluntary restraint agreement
C. domestic content requirement
D. tariff-rate quota
If a tariff and import quota lead to equivalent increases in the domestic price of steel, then ?
A. the quota results in efficiency reductions but the tariff does not
B. The tariff results in efficiency reductions but the quota does not
C. They have different impacts on how much is produced and consumed
D. They have different impacts on how income is distributed
Export subsidies levied by foreign governments on products in which the Pakistan the comparative disadvantage ?
A. lower the welfare of all Pakistanis
B. lead to increases in Pakistani consumer surplus
C. encourage Pakistan’s production of competing goods
D. encourage Pakistani workers to demand higher wages
The reason for dumping is that the demand curve for ABC Co’s computers is _______ because ________ are available from other nations?
A. more elastic in Japan, more substitutes are available from other nations
B. more elastic in Japan, fewer substitutes are available from other; nations
C. more inelastic in Japan; more substitutes are available from other; nations
D. more inelastic in Japan; fewer substitutes are available from other nations
What type of trade barrier was used to protect U.S auto firms from foreign competition during 1981 – 1984 ?
A. export quotas imposed by the Japanese government
B. export tariffs imposed by the Japanese’s government
C. import quotas imposed by the U.S government
D. domestic subsidies granted by the U.S government
Antidumping duties are used to ?
A. offset the margin of dumping
B. punish domestic consumers for buying high-priced imported goods
C. discourage foreign governments from subsidizing their exporters
D. reduce the tariff revenue of the domestic government
In certain industries Japanese employers hesitate to lay off workers Therefore they sometimes have excess supplies of goods that they cannot sell on the home market without lowering prices. To hold down losses they sell goods in overseas markets at prices well beneath those in japan This practice is best referred to as ?
A. Orderly marketing
B. trigger pricing
C. domestic content pricing
D. dumping
According to the cost-based definition of dumping, dumping occurs when a firm sells a product abroad at a price that is less than ?
A. average total cost
B. average variable cost
C. average fixed cost
D. marginal cost
A(n) ________ is n example of a quota where foreigners hold quota licenses ?
A. export quota
B. embargo
C. auction quota
D. tariff quota
________ occurs when a firm disposes on foreign markets a temporary increases in inventories caused by unforeseen changes in supply and demand conditions in the home economy?
A. sporadic dumping
B. predatory dumping
C. persistent dumping
D. foreign dumping
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