Tariffs are not designed to result in...
Tariffs are not designed to result in...
(a) the increase of the price of the imported commodity.
(b) protection of domestic workers from the full impact of international competition. (c) prohibition of the importation of foreign-made commodities.
(d) increase of revenues for the government.
Homework Answers
Protection of domestic workers from the full impact of international competition.
Other listed points are the implicit or explicit objectives of international tarriffs.
The fear domestic producers express regarding dumping is that...
The fear domestic producers express regarding dumping is that...(a) it violates international environmental protection regulations. (b) it can lead to a trade war, which would force many foreign and domestic businesses into bankruptcy. (c) the low prices of imports will drive them out of business, eventually leaving the foreign competition free to raise prices. (d) by lowering the prices of imports, it reduces the revenues government can raise when it imposes tariffs.
The ratio of the prices of exported goods to the prices of imported goods is known...
The ratio of the prices of exported goods to the prices of imported goods is known as the: A. international inflation rate. B. terms of trade. C. price differential. D. ratio of advantage. Which statement is correct? A. Tariffs encourage international trade. B. There are both winners and losers from international trade. C. International trade lowers global production. D. It is always in the producers' interest to open borders to trade. Which statement is NOT an argument against free trade?...
1) Specific tariffs are a) import taxes stated in specific legal statutes b) import taxes calculated...
1) Specific tariffs are a) import taxes stated in specific legal statutes b) import taxes calculated as a fixed charge for each unit of imported goods c) import taxes calculated as a fraction of the value of the imported goods d) import taxes calculated based on the origin country 2) Ad valorem tariffs are a) import taxes stated in advertisements in industry publications b) import taxes calculated as a fixed charge for each unit of imported goods c) import taxes...
As a result of U.S. quotas on sugar imports, all of the following are true, EXCEPT:...
As a result of U.S. quotas on sugar imports, all of the following are true, EXCEPT: Question 2 options: a) the United States pays about twice the world price for sugar. b) the gains to American producers are greater than the losses to American consumers. c) foreign sugar producers—mostly in poor countries—suffer. d) a small group of domestic sugar producers benefit. Taxes and quotas on imports can ______ jobs in industries that import and ________ jobs in industries that export....
Question 23 (5 points) For privatization programs to succeed, it is essential to: A) use tariffs...
Question 23 (5 points) For privatization programs to succeed, it is essential to: A) use tariffs to protect domestic enterprises from foreign competition B) cut the ties that bind the enterprises to the government bureaucracy C) declare the old state-owned enterprises bankrupt D) eliminate the government
2021 estimates suggest that the “Chinese Trade War” will ultimately result in tariff increases averaging 28 percent in U...
2021 estimates suggest that the “Chinese Trade War” will ultimately result in tariff increases averaging 28 percent in U.S. markets. Assuming these estimates are correct: A. Would you expect the average price of imported good from China to increase prices by 38 percent in U.S domestic markets that rely on these imported goods to produce final goods and services (for example, tariffs on steel)? Explain. (A supply and demand graph maybe be helpful.) B. How would you expect the “Chinese...
QUESTION 17 When we look at tariffs and quotas, 0 a. domestic producers are indifferent between...
QUESTION 17 When we look at tariffs and quotas, 0 a. domestic producers are indifferent between an equivalent tariff or quota being imposed O b. domestic producers would prefer quotas over tariffs 0 c, domestic producers would prefer tariffs over quotas. O d. foreign producers would prefer tariffs over quotas. QUESTION 18 Which of the following are reasons given for trade barriers? 0 a. interest rate stability O b. National defense Oc.consumer protection O d. natural monopolies QUESTION 19 Which...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) In a smal...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) In a small country, the net national cost of tariff protection is equal to the reduction in consumer surplus minus A) the increase in produær surplus. B) the increase in government revenue and the increase in producer surplus. C) the efficiency loss and the consumption side loss D) the gain to foreigners. E) the increase in government revenue. 2) Tariffs reallocate income from A)...
The Infant Industry
The infant industry argument states thata) some industries need permanent government protection because otherwise they can never be competitive in the international economy. b) some industries need government protection to provide time to reorganize, grow, or establish themselves. c) government should promote competition in order to support industries that lower prices to consumers. d) some industries need protection because foreign companies price lower than the domestic price.
I'm not sure about my answer please check and let me know ASAP 13) 4 important...
I'm not sure about my answer please check and let me
know ASAP
13) 4 important difference between tarifls and quotas is that tariffs 1A) raise the price of the good B) generate tax revenue for the government C) help domestic producers D) stimulate international trade E) None of the above. 14) The main redistribution effect of a tariff is the transfer of income from 14) A) domestic buyers to domestic producers. B) domestic producers to domestic government. C) domestic...
Question 23 (5 points) For privatization programs to succeed, it is essential to: A) use tariffs to protect domestic enterprises from foreign competition B) cut the ties that bind the enterprises to the government bureaucracy C) declare the old state-owned enterprises bankrupt D) eliminate the government
QUESTION 17 When we look at tariffs and quotas, 0 a. domestic producers are indifferent between an equivalent tariff or quota being imposed O b. domestic producers would prefer quotas over tariffs 0 c, domestic producers would prefer tariffs over quotas. O d. foreign producers would prefer tariffs over quotas. QUESTION 18 Which of the following are reasons given for trade barriers? 0 a. interest rate stability O b. National defense Oc.consumer protection O d. natural monopolies QUESTION 19 Which...
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) In a small country, the net national cost of tariff protection is equal to the reduction in consumer surplus minus A) the increase in produær surplus. B) the increase in government revenue and the increase in producer surplus. C) the efficiency loss and the consumption side loss D) the gain to foreigners. E) the increase in government revenue. 2) Tariffs reallocate income from A)...
I'm not sure about my answer please check and let me
know ASAP
13) 4 important difference between tarifls and quotas is that tariffs 1A) raise the price of the good B) generate tax revenue for the government C) help domestic producers D) stimulate international trade E) None of the above. 14) The main redistribution effect of a tariff is the transfer of income from 14) A) domestic buyers to domestic producers. B) domestic producers to domestic government. C) domestic...
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