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Non-Tariff Trade Barriers

During periods of growing domestic demand, an import quota ?

Economics Mcqs, Non-Tariff Trade Barriers /
During periods of growing domestic demand, an import quota ?

A. is less restrictive on a country’s imports than a tariff
B. Is more restrictive on a country’s imports than a tariff
C. has the same restrictive effect on a country’s imports as a tariff
D. will always generate increased tax revenue for the government

During periods of growing domestic demand, an import quota ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

To reduce imports, suppose that the government of Norway’s imposes a quota equal to 800 computers, Compared to what occurred under free trade, Norway’s consumers surplus will ________ and its producer surplus will _______ Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?

Economics Mcqs, Non-Tariff Trade Barriers /
To reduce imports, suppose that the government of Norway’s imposes a quota equal to 800 computers, Compared to what occurred under free trade, Norway’s consumers surplus will ________ and its producer surplus will _______ Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?

A. increase, increase
B. increase, decrease
C. decrease, increase
D. decrease, decrease

To reduce imports, suppose that the government of Norway’s imposes a quota equal to 800 computers, Compared to what occurred under free trade, Norway’s consumers surplus will ________ and its producer surplus will _______ Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

In a tariff and import quota lead to equivalent increase in the domestic price of steel, then ?

Economics Mcqs, Non-Tariff Trade Barriers /
In a tariff and import quota lead to equivalent increase in the domestic price of steel, then ?

A. The quota results in efficiency reductions but the tariff does not
B. The tariff results in efficiency reductions but the quota does not
C. They have identical impact on how much is produced and consumed
D. They have identical impact on how income is distributed

In a tariff and import quota lead to equivalent increase in the domestic price of steel, then ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

If a tariff and import quota lead to equivalent increases in the domestic price of steel, then ?

Economics Mcqs, Non-Tariff Trade Barriers /
If a tariff and import quota lead to equivalent increases in the domestic price of steel, then ?

A. the quota results in efficiency reductions but the tariff does not
B. The tariff results in efficiency reductions but the quota does not
C. They have different impacts on how much is produced and consumed
D. They have different impacts on how income is distributed

If a tariff and import quota lead to equivalent increases in the domestic price of steel, then ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers