With free trade the total value of imports would equal ? A. $100,000 unitsB. $400,000 units C. $600,000 units D. $800,000 units

Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are ? A. Progressive and thus bear down on the wealthyB. regressive and thus bear down on the poor C. proportional and thus bear down…

Concerning a government’s trade policy, all the following generally apply except ? A. economic downturn and recession generally result in greater protectionismB. because domestic consumers outnumber domestic producer’s policy markers usually enact Free-trade policies to satisfy the consumer majority: C.…

Suppose that the nominal tariff rate on finished computers is 12 percent and that the weighted average of the nominal tariff rates on the inputs used in producing computers is 18 percent. Thus, the effective rate of protection for the…

Suppose that Pakistan imposes a tariff on ballpoint pens of 25 rupees per pen plus 12 percent of the pen’s value, this is an example of a (an) ? A. specific tariff B. ad valorem tariffC. compound tariff D. effective…

If the world price of steel is $500 a ton a specific tariff $50 is equivalent to an ad valorem tariff of______________? A. 5 percentB. 10 percent C. 15 percent D. 20 percent

In today’s world, most countries impose tariffs ? A. only on imports B. only on exports C. on both imports and exports D. on imports exports and nontraded goods

Domestic producers gain ________ because on the tariff? A. $50,000B. $75,000 C. $120,000 D. $150,000

With the tariff the government collects? A. $75,000B. $100,000 C. $125,000 D. $150,000

Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff…