A. always
B. often
C. seldom
D. never
Economics Mcqs
In certain industries Japanese employers hesitate to lay off workers Therefore they sometimes have excess supplies of goods that they cannot sell on the home market without lowering prices. To hold down losses they sell goods in overseas markets at prices well beneath those in japan This practice is best referred to as ?
A. Orderly marketing
B. trigger pricing
C. domestic content pricing
D. dumping
……….. are quotas that lead to a complete abolishment of trade?
A. embargoes
B. voluntary export restraints
C. nontariff barriers
D. orderly marketing agreements
The welfare effects of a quota depend to a considerable extent upon ?
A. who has the quota license
B. the size of the quota
C. elasticities of domestic demand and supply
D. All of the above
The home country government can confiscate the revenue effect of an import quota if ?
A. quota licenses are given to foreign exporting companies
B. quota licenses are auctioned to the highest bidding importing company
C. if quota licenses are given to domestic consumers of the good
D. Both A and C
A(n) …….. is n example of a quota where foreigners hold quota licenses ?
A. export quota
B. embargo
C. auction quota
D. tariff quota
Nontariff trade barriers could include all of the following except ?
A. domestic content laws
B. government procurement policies
C. health, safety, and environmental standards
D. antidumping/countervailing duties applied to imports
A tariff-rate quota is essentially a ?
A. two tier tariff applied to a country’s imports
B. three-tier tariff applied to a country’s imports
C. two tier quota applied to a county’s exports
D. three tier quota applied to a country’s exports
The form of international price discriminations (dumping) normally associated with economic recession or excess inventories in the exporting nation is known as ?
A. Predatory dumping
B. sporadic dumping
C. persistent dumping
D. year end dumping
…….. occurs when a firm disposes on foreign markets a temporary increases in inventories caused by unforeseen changes in supply and demand conditions in the home economy?
A. sporadic dumping
B. predatory dumping
C. persistent dumping
D. foreign dumping