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.Management Sciences
Category: Non-Tariff Trade Barriers
Similar to import tariffs import quotas tend to result in ?
A. higher prices and reduced imports
B. increased government revenue
C. increased consumer surplus
D. decrease producer surplus
Suppose that the domestic government allows a specific number of goods to be imported each year, but it does not specify from where the product is shipped or who is permitted to import Such a trade barrier is known as ?
A. an import tariffs
B. a tariff rate quota
C. a selective quota
D. a global quota
The welfare effects of a quota depend to a considerable extent upon ?
A. who has the quota license
B. the size of the quota
C. elasticities of domestic demand and supply
D. All of the above
To maintain that South koreans are dumping their DVDs in the United States is to maintain that ?
A. Koreans are selling DVDs in the U.S below their production cost
B. Koreans are selling DVDs is the U.s above their productions cost
C. The cost of manufacturing DVDs in Korea is lower in Korea than in the U.S since wages are lower in Korea
D. The cost of manufacturing DVDs in Korea is higher in Korea than in the U.S since wages are higher in Korea
The home country government can confiscate the revenue effect of an import quota if ?
A. quota licenses are given to foreign exporting companies
B. quota licenses are auctioned to the highest bidding importing company
C. if quota licenses are given to domestic consumers of the good
D. Both A and C
Buy national policies ?
A. result in government purchase policies favoring domestic over foreign producers
B. result in government purchase policies favoring foreign over domestic producers
C. attempt to restrict the number of tourists leaving a nation
D. are intended to publicize the advantage of the most efficient domestic companies
In the absence of trade, Canada’s equilibrium price and quantity equal ?
A. $65 and 40 calculators
B. $55 and 20 calculators
C. $45 and 25 calculators
D. $30 and 40 calculators
To reduce imports, suppose that the government of Norway’s imposes a quota equal to 800 computers, Compared to what occurred under free trade, Norway’s consumers surplus will ________ and its producer surplus will _______ Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?
A. increase, increase
B. increase, decrease
C. decrease, increase
D. decrease, decrease
Under a tariff- rate quota ?
A. The within-quota tariff rate exceeds the over-quota tariff rate
B. the over-quota tariff rate exceeds the with-quota tariff rate
C. The within-quota tariff rate equals the over-quota tariff rate
D. The within-quota tariff rate plus over-quota tariff rate equal 100 percent
With free trade suppose that the rest of the world can supply computers to Norway at a price of $1,500 Norway’s imports will now equal. Compared to What occurred in the absence of trade, Norway’s consumers surplus will _____ and its producer surplus will ____. Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?
A. 1,600 computers, decrease, increase
B. 1,600 computers, increase, decrease
C. 1,200 computers, decrease, increase
D. 1,200 computers, increase, decrease
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