A. $10,000
B. $25,000
C. $50,000
D. $75,000
The deadweight cost of the tariff equals ? Read More »
Economics Mcqs, Tariffs A. 12,000 units
B. 20,000 units
C. 30,000 units
D. 42,000 units
With the tariff, the quantity of imports falls to ? Read More »
Economics Mcqs, Tariffs A. 10,000 units
B. 40,000 units
C. 42,000 units
D. 50,000 units
With free trade the total quantity of imports would equal ? Read More »
Economics Mcqs, Tariffs A. highest of all
B. higher than on manufactured goods
C. equal to tariffs on manufactured goods
D. lower than on manufactured goods
In developed countries, tariffs on raw materials tend to be ? Read More »
Economics Mcqs, Tariffs A. consumer surplus
B. producer surplus
C. deadweight costs
D. deadweight surplus
A. producer surplus
B. deadweight surplus
C. government surplus
D. consumer surplus
A. The price of autos within the nation will rise by 10 percent
B. The price of autos within the nation will rise by less than 10 percent
C. The price of autos within the nation will rise by more than 10 percent
D. The price of autos will not rise because of internal competition
A. a regional area within which trade with foreign nations is allowed
B. a free trade agreement among several nations
C. designed to limit exports of manufactured goods by placing export taxes on goods made within the zone
D. designed to promote exports by deferring imports duties on intermediate inputs and waving such duties if the final product is re-exported rather than sold domestically
A foreign-trade zone (FTZ) is ? Read More »
Economics Mcqs, Tariffs A. only revenue effects
B. only protective effects
C. Both protective and revenue effects
D. neither protective or revenue effects
Most tariffs have ? Read More »
Economics Mcqs, Tariffs A. fixed amounts of money per unit traded
B. a percentage of the price of the product
C. a percentage of the quantity of imports
D. All of the above
Ad valorem tariffs are collected as ? Read More »
Economics Mcqs, Tariffs