A tariff can _______ raise a country’s welfare?
A. never
B. sometimes
C. always
D. None of these
Tariffs
If a nation fitting the criteria for the large nation model imposes an import tariff ?
If a nation fitting the criteria for the large nation model imposes an import tariff ?
A. the domestic price of the product will increase by more than the tariff itself
B. The domestic price of the product will increase by the same amount as the tariff
C. The domestic price of the product will increase by less than the tariff
D. None of the above
According to the _____ argument for protection, tariffs can shield new industries from import competition until they have grown strong and efficient enough to withstand the competition by foreign producers ?
According to the _____ argument for protection, tariffs can shield new industries from import competition until they have grown strong and efficient enough to withstand the competition by foreign producers ?
A. scientific tariff argument
B. infant industry argument
C. beggar they neighbor argument
D. foreign dumg argument
A tariff that prohibits imports has only ?
A tariff that prohibits imports has only ?
A. a revenue effect and redistribution effect
B. revenue effect and protection effect
C. consumption effect and protection effect
D. redistribution effect and consumption effect
The effective rate of protection ?
The effective rate of protection ?
A. distinguishes between tariffs that are effective and those that are ineffective
B. is the minimum level at Which a tariff becomes effective in limiting imports?
C. shows how effective a tariff is in raising revenue for the government
D. shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms
Specific tariffs are collected as ?
Specific tariffs are collected as ?
A. fixed amount of money per unit traded
B. a percentage of money per unit traded
C. a percentage of the quantity of imports
D. All of the above
If I purchase a stereo from South Korea, I obtain the stereo and South Korea obtains the dollars But if I purchase a stereo produced in the Pakistan I obtain the stereo and the rupees remain in Pakistan, This line of reasoning is ?
If I purchase a stereo from South Korea, I obtain the stereo and South Korea obtains the dollars But if I purchase a stereo produced in the Pakistan I obtain the stereo and the rupees remain in Pakistan, This line of reasoning is ?
A. valid for stereos, but nor for most products imported by Pakistan
B. valid for most products imported by Pakistan but not for stereos
C. deceiving since Koreans eventually spend the dollars on Pakistani goods
D. deceiving since the dollars spent on a stereo built in the Pakistan eventually wind up overseas
For advanced countries such as the United States, tariffs on imported raw materials tend to be ?
For advanced countries such as the United States, tariffs on imported raw materials tend to be ?
A. equals to tariffs on imported manufactured goods
B. lower than tariffs on imported manufactured goods
C. higher than tariffs on imported manufactured goods
D. The highest of all tariffs
A tax of 15 percent per imported item would be an example of a (an) ?
A tax of 15 percent per imported item would be an example of a (an) ?
A. Ad valorem tariff
B. Specific tariff
C. Effective tariff
D. Compound tariff
The national security argument for protection is more likely to be valid when ?
The national security argument for protection is more likely to be valid when ?
A. The purpose is to maintain protection for an indefinite time period
B. The industry is characterized by increasing returns to scale
C. The economy operates during a recession
D. The protected industry provides invaluable goods during periods of war