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A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product’s value must be produced domestically if that good is to be sold in the domestic market ?

Economics Mcqs, Non-Tariff Trade Barriers /
A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product’s value must be produced domestically if that good is to be sold in the domestic market ?

A. domestic subsidy
B. voluntary restraint agreement
C. domestic content requirement
D. tariff-rate quota

A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product’s value must be produced domestically if that good is to be sold in the domestic market ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

A production subsidy that is granted to a producer of an import-competing good ?

Economics Mcqs, Non-Tariff Trade Barriers /
A production subsidy that is granted to a producer of an import-competing good ?

A. does not require government taxes to finance it
B. yields the same deadweight welfare loss as an import tariff or import quota
C. has only a consumption effect deadweight loss
D. has only a protective effect deadweight loss

A production subsidy that is granted to a producer of an import-competing good ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

________ are profits that accrue to whomever has the right to import the good that is restricted by the quota?

Economics Mcqs, Non-Tariff Trade Barriers /
________ are profits that accrue to whomever has the right to import the good that is restricted by the quota?

A. quota license
B. quota rents
C. quota prices
D. None of the above

________ are profits that accrue to whomever has the right to import the good that is restricted by the quota? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

For year the U.S government levied quotas on inexpensive oil imported from the Middle East The quotas led to cost increases for U.S consumers totaling $3 billion for oil products. An apparent justification of this policy was that ?

Economics Mcqs, Non-Tariff Trade Barriers /
For year the U.S government levied quotas on inexpensive oil imported from the Middle East The quotas led to cost increases for U.S consumers totaling $3 billion for oil products. An apparent justification of this policy was that ?

A. U.S oil companies and workers deserved higher incomes
B. U.S oil was of superior quality and merited higher prices
C. one should not be too dependent on foreign suppliers of crucial resources
D. The U.S government needed the quota revenue to balance its budget

For year the U.S government levied quotas on inexpensive oil imported from the Middle East The quotas led to cost increases for U.S consumers totaling $3 billion for oil products. An apparent justification of this policy was that ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

If the home country government grants a subsidy on a domestically produced good domestic producers tend to ?

Economics Mcqs, Non-Tariff Trade Barriers /
If the home country government grants a subsidy on a domestically produced good domestic producers tend to ?

A. Capture the entire subsidy in the form of higher profits
B. Increase their level of production
C. reduce wages paid to domestic workers
D. consider the subsidy as a increase in production cost

If the home country government grants a subsidy on a domestically produced good domestic producers tend to ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers