MCQs: Suppose that the domestic government allows a specific number of goods to be imported each year, but it does not specify from where the product is shipped or who is permitted to import Such a trade barrier is known as ?
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MCQs: Under a tariff- rate quota ?
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MCQs: The firm would maximize profit by selling computers in the United States at a price of __________ and _________ computers in Japan at a price of __________?
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MCQs: Buy national policies ?
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MCQs: What type of trade barrier was used to protect U.S auto firms from foreign competition during 1981 – 1984 ?
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MCQs: ________ 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?
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MCQs: The form of international price discriminations (dumping) normally associated with economic recession or excess inventories in the exporting nation is known as ?
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MCQs: A tariff-rate quota is essentially a ?
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MCQs: Nontariff trade barriers could include all of the following except ?
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MCQs: A(n) ________ is n example of a quota where foreigners hold quota licenses ?
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MCQs: The home country government can confiscate the revenue effect of an import quota if ?
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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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