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.Management Sciences
Category: Non-Tariff Trade Barriers
Governments around the world tend to auction quota licenses ?
A. never
B. seldom
C. often
D. always
During periods of growing domestic demand, an import quota ?
A. is less restrictive on a country’s imports than a tariff
B. Is more restrictive on a country’s imports than a tariff
C. has the same restrictive effect on a country’s imports as a tariff
D. will always generate increased tax revenue for the government
international dumping may involve ?
A. selling goods to foreigners at a price below that charged domestic consumers
B. selling goods to foreigners at a price below the cost of production
C. antidumping duties being levied on the imported, dumped goods
D. All of the above
By practicing price discrimination, the firm would realize profits totaling ?
A. $160,000
B. $420,000
C. $540,000
D. $660,000
A tariff-rate quota ?
A. is a limit on the number of tariffs that a country can place on imports?
B. uses a single tariff along with import quotas to restrict import
C. is designed to avoid the the price increases caused by simple tariffs
D. is a two-tier tariff system intended to restrict imports?
Throughout the world, governments tend to auction quota licenses to their highest bidder ?
A. always
B. often
C. seldom
D. never
In the absence of traded, Norway’s equilibrium price and quantity equal ?
A. $1,500 and 2,800 computers
B. $2,000 and 1,600 computers
C. $2,500 and 2,000 computers
D. $3,500 and 2,000 computers
________ are profits that accrue to whomever has the right to import the good that is restricted by the quota?
A. quota license
B. quota rents
C. quota prices
D. None of the above
The form of international price discriminations (dumping) normally associated with economic recession or excess inventories in the exporting nation is known as ?
A. Predatory dumping
B. sporadic dumping
C. persistent dumping
D. year end dumping
With free trade, suppose that the rest of the world can supply calculators to Canada at a price of $30. Canada’s imports would now equal _____ and its consumer surplus would ____ relative to what occurred in the absence of trade. What is the change in consumer surplus? Refer to the figure that you have plotted ?
A. 20 calculators increase
B. 25 calculators decrease
C. 25 calculators increase
D. 30 calculators increase
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