Economics Mcqs

A. only on imports
B. only on exports
C. on both imports and exports
D. on imports exports and nontraded goods

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

A. $75,000
B. $100,000
C. $125,000
D. $150,000

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

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

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. scientific tariff argument
B. infant industry argument
C. beggar they neighbor argument
D. foreign dumg argument

A. a revenue effect and redistribution effect
B. revenue effect and protection effect
C. consumption effect and protection effect
D. redistribution effect and consumption effect

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. 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