Non-Tariff Trade Barriers - Page 4 of 5

The reason for dumping 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

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

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

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 tariff-rate quota ?

A. is a limit on the number of tariffs that a country can place on imports?
B. uses a single tariff along with import quotas to restrict import
C. is designed to avoid the the price increases caused by simple tariffs
D. is a two-tier tariff system intended to restrict imports?

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

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

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

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

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 tariff-rate quota ?

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

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 ?

Quotas are government-imposed limits on the ……… of goods trade between countries?

Similar to import tariffs import quotas tend to result in ?

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

General Subjects

General Science

Basic Computer