Non-Tariff Trade Barriers

A. General Motors, the manufacturer of automobiles
B. Tennessee Mining Co. an iron-ore mining company
C. Caterpillar Corp the producer of earth moving equipment
D. Sneva Construction Co. The builder of skyscrapers

A. import quota
B. export quota
C. selective quota
D. global quota

A. average total cost
B. average variable cost
C. average fixed cost
D. marginal cost

A. predatory dumping
B. sporadic dumping
C. persistent dumping
D. yearend dumping

A. domestic subsidy
B. voluntary restraint agreement
C. domestic content requirement
D. tariff-rate quota

A. does not require government taxes to finance it
B. yields the same deadweight welfare loss as an import tariff or import quota
C. has only a consumption effect deadweight loss
D. has only a protective effect deadweight loss

A. selling goods to foreigners at a price below that charged domestic consumers
B. selling goods to foreigners at a price below the cost of production
C. antidumping duties being levied on the imported, dumped goods
D. All of the above

A. never
B. seldom
C. often
D. always

A. quota license
B. quota rents
C. quota prices
D. None of the above

A. higher prices and reduced imports
B. increased government revenue
C. increased consumer surplus
D. decrease producer surplus