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Economics Mcqs

________ protection such as the escape clause, provide temporary protection to domestic industries facing competition from fairly traded foreign goods?

Economics Mcqs, Trade Regulations And Industrial Policies /
________ protection such as the escape clause, provide temporary protection to domestic industries facing competition from fairly traded foreign goods?

A. generalized system of preference
B. countervailing duty
C. domestic content
D. safeguards

________ protection such as the escape clause, provide temporary protection to domestic industries facing competition from fairly traded foreign goods? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

Antidumping duties applied to imported goods ?

Economics Mcqs, Trade Regulations And Industrial Policies /
Antidumg duties applied to imported goods ?

A. are abolished by the World Trade Organization
B. result in decreases in consumer surplus for domestic households
C. are imposed by industrial countries but not develog countries
D. result in lower-priced goods for domestic consumers

Antidumping duties applied to imported goods ? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

The World Trade Organization is sometimes criticized for all of the following reasons except?

Economics Mcqs, Trade Regulations And Industrial Policies /
The World Trade Organization is sometimes criticized for all of the following reasons except?

A. it reduces the sovereignty of member countries
B. favors free trade over the quality of the environment
C. it has no way to solve trade disputes among member countries
D. it is a puppet of multinational corporations

The World Trade Organization is sometimes criticized for all of the following reasons except? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

Compared to what occurred under free trade, Mexico’s producer surplus ____ and consumer surplus ____ as a result of the subsidy Use the figure that you have plotted to calculate the amounts ?

Economics Mcqs, Trade Regulations And Industrial Policies /
Compared to what occurred under free trade, Mexico’s producer surplus ____ and consumer surplus ____ as a result of the subsidy Use the figure that you have plotted to calculate the amounts ?

A. decreases, decreases
B. decreases, increases
C. increases, decreases
D. increases, increases

Compared to what occurred under free trade, Mexico’s producer surplus ____ and consumer surplus ____ as a result of the subsidy Use the figure that you have plotted to calculate the amounts ? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

Under free trade suppose that Japan can supply radios t mexico at the price of $45 Therefore, Mexico’s imports equal ?

Economics Mcqs, Trade Regulations And Industrial Policies /
Under free trade suppose that Japan can supply radios t mexico at the price of $45 Therefore, Mexico’s imports equal ?

A. 5 radios
B. 10 radios
C. 15 radios
D. zero radios

Under free trade suppose that Japan can supply radios t mexico at the price of $45 Therefore, Mexico’s imports equal ? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

Those who argue in favor of import protection generally give the impression that such restricted trade will?

Economics Mcqs, Trade Regulations And Industrial Policies /
Those who argue in favor of import protection generally give the impression that such restricted trade will?

A. decrease the level of national security
B. provide benefits to some particular industry
C. provide benefits to the entire nation
D. not yield welfare losses for the nation

Those who argue in favor of import protection generally give the impression that such restricted trade will? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

During the post-world War II era?

Economics Mcqs, Trade Regulations And Industrial Policies /
During the post-world War II era?

A. Nontariff barriers (NTBs) and tariffs have increased in relative importance
B. NTBs and tariffs have decreased in relative importance
C. NTBs have increased and tariffs have decreased in relative importance
D. NTBs have decreased and tariffs have increased in relative importance

During the post-world War II era? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies