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.Management Sciences
Category: Non-Tariff Trade Barriers
A production subsidy that is granted to a producer of an import-competing good ?
A. does not require government taxes to finance it
B. yields the same deadweight welfare loss as an import tariff or import quota
C. has only a consumption effect deadweight loss
D. has only a protective effect deadweight loss
In a tariff and import quota lead to equivalent increase 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 identical impact on how much is produced and consumed
D. They have identical impact on how income is distributed
Quotas are government-imposed limits on the _________ of goods trade between countries?
A. prices
B. quantity
C. revenue
D. costs
The form of dumping that represents the greatest potential net welfare loss the for importing national is ?
A. predatory dumping
B. sporadic dumping
C. persistent dumping
D. yearend dumping
A _______ allows a specified number of goods to be imported each year, and it not specifies from where the product is shipped and who is permitted to import ?
A. import quota
B. export quota
C. selective quota
D. global quota
___________ are quotas that lead to a complete abolishment of trade?
A. embargoes
B. voluntary export restraints
C. nontariff barriers
D. orderly marketing agreements
Nontariff trade barriers could include all of the following except ?
A. domestic content laws
B. government procurement policies
C. health, safety, and environmental standards
D. antidumping/countervailing duties applied to imports
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