Market & Non-Tariff Trade Barriers Mcqs


Q.  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


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  The welfare effects of a quota depend to a considerable extent upon ?
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MCQs:  ___________ are quotas that lead to a complete abolishment of trade?
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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 ?
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MCQs:  Throughout the world, governments tend to auction quota licenses to their highest bidder ?
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MCQs:  To maintain that South koreans are dumping their DVDs in the United States is to maintain that ?
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MCQs:  Import quotas tend to result in all of the following except ?
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MCQs:  If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to ?
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MCQs:  To aid its calculator producers, suppose that the government provides them a subsidy of $10 for each calculator produced The amount of imports now equals _____ and the deadweight loss of the subsidy to the Canadian economy equals _________?
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MCQs:  In the absence of trade, Canada’s equilibrium price and quantity equal ?
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MCQs:  During periods of growing domestic demand, an import quota ?
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MCQs:  To reduce imports, suppose that the government of Norway’s imposes a quota equal to 800 computers, Compared to what occurred under free 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 ?
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MCQs:  In the absence of traded, Norway’s equilibrium price and quantity equal ?
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MCQs:  Antidumping duties are used to ?
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MCQs:  In a tariff and import quota lead to equivalent increase in the domestic price of steel, then ?
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MCQs:  If a tariff and import quota lead to equivalent increases in the domestic price of steel, then ?
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MCQs:  Foreign aid________________?
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MCQs:  Which is NOT a theoretical perspective on international relations_______________?
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MCQs:  The balance-of-power system in which four of more major powers competed and formed shifting alliances to avoid any one becoming stronger than any other was called the________________?
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MCQs:  Which is NOT a common objective of states ?
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MCQs:  Before the Treaty of Westphalia (1648) political organization around the world had been_________________?
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