Market & Non-Tariff Trade Barriers Mcqs

Q.  Which of the following shifts the demand for watches to the right ?

a. an increase in the price of watches
b. none of these answers
c. a decrease in the price of watch batteries if watch batteries and watches are complements
d. a decrease in consumer incomes if watches are a normal good
e. a decrease in the wage of workers employed to manufacture watches


ANSWER: See Answer
 
No explanation is available for this question!
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MCQs:  With free trade suppose that the rest of the world can supply computers to Norway at a price of $1,500 Norway’s imports will now equal. Compared to What occurred in the absence of 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:  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:  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:  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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