Trade Regulations And Industrial Policies

A. international dumping
B. countervailing duties
C. Strategic trade policy
D. export promotion policy

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

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

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

A. generalized system of preference
B. countervailing duty
C. domestic content
D. safeguards

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

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

A. decreases, decreases
B. decreases, increases
C. increases, decreases
D. increases, increases

A. 5 radios
B. 10 radios
C. 15 radios
D. zero radios

A. decrease the level of national security
B. provide benefits to some particular industry
C. provide benefits to the entire nation
D. not yield welfare losses for the nation