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The U.S. government restricting the quantity of sugar imports
into the country is an example of a(n):
trade settlement.
trade quota.
market hanger.
embargo.
The key industries argument for trade restrictions relies on the
notion that:
war may disrupt trade flows.
some industries deserve protection because they provide
positive spillover effects to the rest of the economy.
products with inelastic supply are the major source for job
creation.
economies of scale are easier to achieve in exporting
industries.
Which of...
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Refer to the In the News below:ATTACHMENT IS GIVEN BELOWa. How much more are U.S. consumers paying for the 12 billion tons of sugar they consume each year as a result of the quotas on sugar imports? $ more per pound of sugarb. How much sales revenue are foreign sugar producers losing as a result of those same quotas?multiple choiceQuantity of decreased sales multiplied by the price of sugarQuantity of decreased sales adding the price of sugarQuantity of decreased sales subtracting...
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A decrease in the import tariff will result in
Question options:
an increase in imports but a decrease in domestic
production.
a decrease in price and a decrease in quantity purchased.
a decrease in imports but an increase in domestic
production.
an increase in price but a decrease in quantity purchased.
Which of the following is NOT a rationale for tariffs?
Question options:
They improve the terms of trade for small and large nations.
They promote a level playing field...
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8. Quotas that limit the quantity of imports of a foreign good provide an incentive for foreign suppliers to: 1. Provide higher quality goods. II. Seek more open markets elsewhere. III. Lower prices to be more competitive. IV. Stop all trade with the country imposing the quotas. Which of the above statements are true? a. III only. b. II and IV. c. I and III. d. I and II.
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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...
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1) If the United States imposes a tariff on Honduran blueberries
to retaliate against the quotas Honduras previously placed on US
goods, then the United States will experience:
a. an additional increase in total surplus
b. a additional decrease in total surplus
c. both an increase in total surplus is possible and a decrease
in total surplus is possible
d. no additional change in total surplus
2) Tariffs on imported goods are politically useful because:
a. they generate revenue that...
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If the policies supporting the sugar industry in the United
States were discontinued, U.S. producers would
Multiple Choice
have to become more efficient.
need to increase sales.
see competition drop.
see profits rise.
be prohibited from selling in foreign markets.
The tariffs and floor price in the U.S. sugar industry
Multiple Choice
protect U.S. producers at the expense of U.S. consumers.
essentially prevent U.S. producers from selling overseas.
have been established in recent years as a protest against
rising sugar...
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Analysts have suggested that the cost of bras is related to trade
restrictions on textile imports. What does the price of bras have
to do tariffs and quotas?
A. Trade restrictions keep the prices of bras high, and ending
them will result in lower prices.
B. Trade restrictions do not influence the price of bras; the
price is determined by domestic technology and the overall
inflation rate.
C. Trade restrictions in the form of tariffs keep prices of
bras high,...
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QUESTION 16 If the world price of cotton is less that the price that would occur domestically without trade, then a country will decrease its demand for cotton and increase its demand for cotton substitutes increase its demand for cotton and decrease its demand for cotton substitutes import cotton export cotton QUESTION 17 A trade quota is a restriction on the quantity of goods that can be imported a tax on imports a tax on exports the restriction of trade...
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In many cases, the reason tariffs and quotas are imposed is that they create net benefits in the long run. they reduce import dependence. their costs are spread among many people and their benefits are concentrated. their costs are concentrated and their benefits are spread among many people. DQuestion 20 1 pts Usually the removal of trade barriers affecting a particular good benefits domestically, each of whom gains a people a few little many; lot a few lot many: little...
8. Quotas that limit the quantity of imports of a foreign good provide an incentive for foreign suppliers to: 1. Provide higher quality goods. II. Seek more open markets elsewhere. III. Lower prices to be more competitive. IV. Stop all trade with the country imposing the quotas. Which of the above statements are true? a. III only. b. II and IV. c. I and III. d. I and II.
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...
1) If the United States imposes a tariff on Honduran blueberries
to retaliate against the quotas Honduras previously placed on US
goods, then the United States will experience:
a. an additional increase in total surplus
b. a additional decrease in total surplus
c. both an increase in total surplus is possible and a decrease
in total surplus is possible
d. no additional change in total surplus
2) Tariffs on imported goods are politically useful because:
a. they generate revenue that...
QUESTION 16 If the world price of cotton is less that the price that would occur domestically without trade, then a country will decrease its demand for cotton and increase its demand for cotton substitutes increase its demand for cotton and decrease its demand for cotton substitutes import cotton export cotton QUESTION 17 A trade quota is a restriction on the quantity of goods that can be imported a tax on imports a tax on exports the restriction of trade...
In many cases, the reason tariffs and quotas are imposed is that they create net benefits in the long run. they reduce import dependence. their costs are spread among many people and their benefits are concentrated. their costs are concentrated and their benefits are spread among many people. DQuestion 20 1 pts Usually the removal of trade barriers affecting a particular good benefits domestically, each of whom gains a people a few little many; lot a few lot many: little...