Search
.Management Sciences
Category: Non-Tariff Trade Barriers
The firm would maximize profit by selling computers in the United States at a price of __________ and _________ computers in Japan at a price of __________?
A. 200, $2,000, 100 $1,000
B. 300, $1,800, 800 $800
C. 300, $1,800, 400 $800
D. 500, $1,400, 400 $800
If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to ?
A. foreign corporations
B. foreign workers
C. domestic corporations
D. The domestic government
If the home country government grants a subsidy on a domestically produced good domestic producers tend to ?
A. Capture the entire subsidy in the form of higher profits
B. Increase their level of production
C. reduce wages paid to domestic workers
D. consider the subsidy as a increase in production cost
From the perspective of the American public as a whole, export subsidies levied by overseas governments on goods sold to the United States ?
A. help more than they hurt
B. hurt more then they help
C. are equivalent to an import quota
D. are equivalent to an export quota
A tariff-rate quota is essentially a ?
A. two tier tariff applied to a country’s imports
B. three-tier tariff applied to a country’s imports
C. two tier quota applied to a county’s exports
D. three tier quota applied to a country’s exports
A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a (an) ?
A. domestic subsidy
B. export subsidy
C. import quota
D. export quota
Import quotas tend to result in all of the following except ?
A. domestic producers of the imported good being harmed
B. domestic consumers of the imported good being harmed
C. Prices increasing in the importing country
D. Prices falling in the exporting country
To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals _____ and the deadweight loss of the subsidy to the Canadian economy equals _________?
A. 20 calculator, $50
B. 20 calculator, $100
C. 25 calculator, $50
D. 25 calculator, $100
For year the U.S government levied quotas on inexpensive oil imported from the Middle East The quotas led to cost increases for U.S consumers totaling $3 billion for oil products. An apparent justification of this policy was that ?
A. U.S oil companies and workers deserved higher incomes
B. U.S oil was of superior quality and merited higher prices
C. one should not be too dependent on foreign suppliers of crucial resources
D. The U.S government needed the quota revenue to balance its budget
Which company in the United States would likely be most concerned about Brazil’s dumping of steel in the U.S market ?
A. General Motors, the manufacturer of automobiles
B. Tennessee Mining Co. an iron-ore mining company
C. Caterpillar Corp the producer of earth moving equipment
D. Sneva Construction Co. The builder of skyscrapers
Recent Comments