Tariffs

A. nominal tariff rate on the final product equals the effective tariff rate on the product
B. nominal tariff rate on the final product is greater than the effective rate on the product
C. nominal tariff rate on the final product is less than the effective tariff rate on the final product
D. None of the above

A. cause foreign assemblers of computers to use more computer components that are supplied by countries other than the United States
B. Increase the Price of computers to consumers in the United States
C. Increase the Production of computers in the United States
D. Increase the production of computer components in the United States

A. will always
B. will never
C. can sometimes
D. None of the above

A. the country is a small country rather than a larger country
B. its terms of trade improve enough
C. The tariff enhances the welfare of its trading partners
D. Its government’s tax revenue increases because of the tariff

A. improve
B. worsen
C. not change
D. any of these

A. $10
B. $15
C. $20
D. $25

A. $10,000
B. $25,000
C. $50,000
D. $75,000

A. 12,000 units
B. 20,000 units
C. 30,000 units
D. 42,000 units

A. 10,000 units
B. 40,000 units
C. 42,000 units
D. 50,000 units

A. highest of all
B. higher than on manufactured goods
C. equal to tariffs on manufactured goods
D. lower than on manufactured goods