During periods of growing domestic demand, an import quota ? A. is less restrictive on a country’s imports than a tariffB. Is more restrictive on a country’s imports than a tariff C. has the same restrictive effect on a country’s…
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…
In the absence of traded, Norway’s equilibrium price and quantity equal ? A. $1,500 and 2,800 computers B. $2,000 and 1,600 computersC. $2,500 and 2,000 computers D. $3,500 and 2,000 computers
Antidumg duties are used to ? A. offset the margin of dumg B. punish domestic consumers for buying high-priced imported goods C. discourage foreign governments from subsidizing their exporters D. reduce the tariff revenue of the domestic government
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…
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…