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A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a (an) ?

Economics Mcqs, Non-Tariff Trade Barriers /
A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a (an) ?

A. domestic subsidy
B. export subsidy
C. import quota
D. export quota

A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a (an) ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

Export subsidies levied by foreign governments on products in which the Pakistan the comparative disadvantage ?

Economics Mcqs, Non-Tariff Trade Barriers /
Export subsidies levied by foreign governments on products in which the Pakistan the comparative disadvantage ?

A. lower the welfare of all Pakistanis
B. lead to increases in Pakistani consumer surplus
C. encourage Pakistan’s production of competing goods
D. encourage Pakistani workers to demand higher wages

Export subsidies levied by foreign governments on products in which the Pakistan the comparative disadvantage ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

With free trade, suppose that the rest of the world can supply calculators to Canada at a price of $30. Canada’s imports would now equal _____ and its consumer surplus would ____ relative to what occurred in the absence of trade. What is the change in consumer surplus? Refer to the figure that you have plotted ?

Economics Mcqs, Non-Tariff Trade Barriers /
With free trade, suppose that the rest of the world can supply calculators to Canada at a price of $30. Canada’s imports would now equal _____ and its consumer surplus would ____ relative to what occurred in the absence of trade. What is the change in consumer surplus? Refer to the figure that you have plotted ?

A. 20 calculators increase
B. 25 calculators decrease
C. 25 calculators increase
D. 30 calculators increase

With free trade, suppose that the rest of the world can supply calculators to Canada at a price of $30. Canada’s imports would now equal _____ and its consumer surplus would ____ relative to what occurred in the absence of trade. What is the change in consumer surplus? Refer to the figure that you have plotted ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

The reason for dumping is that the demand curve for ABC Co’s computers is _______ because ________ are available from other nations?

Economics Mcqs, Non-Tariff Trade Barriers /
The reason for dumg is that the demand curve for ABC Co’s computers is _______ because ________ are available from other nations?

A. more elastic in Japan, more substitutes are available from other nations
B. more elastic in Japan, fewer substitutes are available from other; nations
C. more inelastic in Japan; more substitutes are available from other; nations
D. more inelastic in Japan; fewer substitutes are available from other nations

The reason for dumping is that the demand curve for ABC Co’s computers is _______ because ________ are available from other nations? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

From the perspective of the American public as a whole, export subsidies levied by overseas governments on goods sold to the United States ?

Economics Mcqs, Non-Tariff Trade Barriers /
From the perspective of the American public as a whole, export subsidies levied by overseas governments on goods sold to the United States ?

A. help more than they hurt
B. hurt more then they help
C. are equivalent to an import quota
D. are equivalent to an export quota

From the perspective of the American public as a whole, export subsidies levied by overseas governments on goods sold to the United States ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

With free trade suppose that the rest of the world can supply computers to Norway at a price of $1,500 Norway’s imports will now equal. Compared to What occurred in the absence of trade, Norway’s consumers surplus will _____ and its producer surplus will ____. Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?

Economics Mcqs, Non-Tariff Trade Barriers /
With free trade suppose that the rest of the world can supply computers to Norway at a price of $1,500 Norway’s imports will now equal. Compared to What occurred in the absence of trade, Norway’s consumers surplus will _____ and its producer surplus will ____. Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?

A. 1,600 computers, decrease, increase
B. 1,600 computers, increase, decrease
C. 1,200 computers, decrease, increase
D. 1,200 computers, increase, decrease

With free trade suppose that the rest of the world can supply computers to Norway at a price of $1,500 Norway’s imports will now equal. Compared to What occurred in the absence of trade, Norway’s consumers surplus will _____ and its producer surplus will ____. Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

Suppose that the domestic government allows a specific number of goods to be imported each year, but it does not specify from where the product is shipped or who is permitted to import Such a trade barrier is known as ?

Economics Mcqs, Non-Tariff Trade Barriers /
Suppose that the domestic government allows a specific number of goods to be imported each year, but it does not specify from where the product is shipped or who is permitted to import Such a trade barrier is known as ?

A. an import tariffs
B. a tariff rate quota
C. a selective quota
D. a global quota

Suppose that the domestic government allows a specific number of goods to be imported each year, but it does not specify from where the product is shipped or who is permitted to import Such a trade barrier is known as ? Read More »

Economics Mcqs, Non-Tariff Trade Barriers

The firm would maximize profit by selling computers in the United States at a price of __________ and _________ computers in Japan at a price of __________?

Economics Mcqs, Non-Tariff Trade Barriers /
The firm would maximize profit by selling computers in the United States at a price of __________ and _________ computers in Japan at a price of __________?

A. 200, $2,000, 100 $1,000
B. 300, $1,800, 800 $800
C. 300, $1,800, 400 $800
D. 500, $1,400, 400 $800

The firm would maximize profit by selling computers in the United States at a price of __________ and _________ computers in Japan at a price of __________? Read More »

Economics Mcqs, Non-Tariff Trade Barriers