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Non-Tariff Trade Barriers

Which company in the United States would likely be most concerned about Brazil’s dumping of steel in the U.S market ?

Economics Mcqs, Non-Tariff Trade Barriers /
Which company in the United States would likely be most concerned about Brazil’s dumg of steel in the U.S market ?

A. General Motors, the manufacturer of automobiles
B. Tennessee Mining Co. an iron-ore mining company
C. Caterpillar Corp the producer of earth moving equipment
D. Sneva Construction Co. The builder of skyscrapers

Which company in the United States would likely be most concerned about Brazil’s dumping of steel in the U.S market ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

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 ?

Economics Mcqs, Non-Tariff Trade Barriers /
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

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 ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

According to the cost-based definition of dumping, dumping occurs when a firm sells a product abroad at a price that is less than ?

Economics Mcqs, Non-Tariff Trade Barriers /
According to the cost-based definition of dumg, dumg occurs when a firm sells a product abroad at a price that is less than ?

A. average total cost
B. average variable cost
C. average fixed cost
D. marginal cost

According to the cost-based definition of dumping, dumping occurs when a firm sells a product abroad at a price that is less than ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product’s value must be produced domestically if that good is to be sold in the domestic market ?

Economics Mcqs, Non-Tariff Trade Barriers /
A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product’s value must be produced domestically if that good is to be sold in the domestic market ?

A. domestic subsidy
B. voluntary restraint agreement
C. domestic content requirement
D. tariff-rate quota

A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product’s value must be produced domestically if that good is to be sold in the domestic market ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

A production subsidy that is granted to a producer of an import-competing good ?

Economics Mcqs, 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

A production subsidy that is granted to a producer of an import-competing good ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

________ are profits that accrue to whomever has the right to import the good that is restricted by the quota?

Economics Mcqs, Non-Tariff Trade Barriers /
________ are profits that accrue to whomever has the right to import the good that is restricted by the quota?

A. quota license
B. quota rents
C. quota prices
D. None of the above

________ are profits that accrue to whomever has the right to import the good that is restricted by the quota? Read More »

Economics Mcqs, Non-Tariff Trade Barriers