Category: Tariffs

A. improve
B. worsen
C. not change
D. any of these

A. $50,000
B. $75,000
C. $120,000
D. $150,000

A. 12,000 units
B. 20,000 units
C. 30,000 units
D. 42,000 units

A. never
B. sometimes
C. always
D. None of these

A. $100,000 units
B. $400,000 units
C. $600,000 units
D. $800,000 units

A. highest of all
B. higher than on manufactured goods
C. equal to tariffs on manufactured goods
D. lower than on manufactured goods

A. the domestic price of the product will increase by more than the tariff itself
B. The domestic price of the product will increase by the same amount as the tariff
C. The domestic price of the product will increase by less than the tariff
D. None of the above

A. distinguishes between tariffs that are effective and those that are ineffective
B. is the minimum level at Which a tariff becomes effective in limiting imports?
C. shows how effective a tariff is in raising revenue for the government
D. shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms

A. 5 percent
B. 10 percent
C. 15 percent
D. 20 percent

A. fixed amount of money per unit traded
B. a percentage of money per unit traded
C. a percentage of the quantity of imports
D. All of the above