A. international dumping
B. countervailing duties
C. Strategic trade policy
D. export promotion policy
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The effect of the most favored nation (normal trade relations) clause is to ?
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The result of antidumping tariffs is to ?
A. eliminate all tariffs between countries
B. increase all tariffs between countries
C. maintain a nondiscriminatory structure of tariffs
D. maintain a discriminatory structure of tariffs
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Concerning dumping, which of the following is true ?
A. increase consumer surplus in the importing country
B. decrease producer surplus in the importing country
C. impose a price floor on foreign prices in the importing country
D. impose a price ceiling on foreign price in the importing country
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________ protection such as the escape clause, provide temporary protection to domestic industries facing competition from fairly traded foreign goods?
A. predatory dumping represents the most common form of dumping by U.S firms
B. U.S firms can obtain protection from foreign dumping, even though this protection tends to harm overall U.S welfare
C. dumping can never be a profit-maximizing strategy for U.S firms to pursue
D. U.S firms rarely if ever, engage in distress dumping or persistent dumping
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Antidumping duties applied to imported goods ?
A. generalized system of preference
B. countervailing duty
C. domestic content
D. safeguards
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The World Trade Organization is sometimes criticized for all of the following reasons except?
A. are abolished by the World Trade Organization
B. result in decreases in consumer surplus for domestic households
C. are imposed by industrial countries but not developing countries
D. result in lower-priced goods for domestic consumers
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Compared to what occurred under free trade, Mexico’s producer surplus ____ and consumer surplus ____ as a result of the subsidy Use the figure that you have plotted to calculate the amounts ?
A. it reduces the sovereignty of member countries
B. favors free trade over the quality of the environment
C. it has no way to solve trade disputes among member countries
D. it is a puppet of multinational corporations
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Under free trade suppose that Japan can supply radios t mexico at the price of $45 Therefore, Mexico’s imports equal ?
A. decreases, decreases
B. decreases, increases
C. increases, decreases
D. increases, increases
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Those who argue in favor of import protection generally give the impression that such restricted trade will?
A. 5 radios
B. 10 radios
C. 15 radios
D. zero radios