Non-Tariff Trade Barriers

A. export quota
B. embargo
C. auction quota
D. tariff quota

A. quota licenses are given to foreign exporting companies
B. quota licenses are auctioned to the highest bidding importing company
C. if quota licenses are given to domestic consumers of the good
D. Both A and C

A. who has the quota license
B. the size of the quota
C. elasticities of domestic demand and supply
D. All of the above

A. embargoes
B. voluntary export restraints
C. nontariff barriers
D. orderly marketing agreements

A. Orderly marketing
B. trigger pricing
C. domestic content pricing
D. dumping

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

A. Koreans are selling DVDs in the U.S below their production cost
B. Koreans are selling DVDs is the U.s above their productions cost
C. The cost of manufacturing DVDs in Korea is lower in Korea than in the U.S since wages are lower in Korea
D. The cost of manufacturing DVDs in Korea is higher in Korea than in the U.S since wages are higher in Korea

A. domestic producers of the imported good being harmed
B. domestic consumers of the imported good being harmed
C. Prices increasing in the importing country
D. Prices falling in the exporting country

A. foreign corporations
B. foreign workers
C. domestic corporations
D. The domestic government

A. 20 calculator, $50
B. 20 calculator, $100
C. 25 calculator, $50
D. 25 calculator, $100