A _______ allows a specified number of goods to be imported each year, and it not specifies from where the product is shipped and who is permitted to import ?

Related Mcqs:

1. 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 ?

   A. an import tariffs
   B. a tariff rate quota
   C. a selective quota
   D. a global quota

2. Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff rate equals ?

   A. 5 percent
   B. 10 percent
   C. 15 percent
   D. 20 percent

3. Restriction on import or export of specified or all goods with a foreign nation by the Government is called ?

   A. Embargo
   B. Contraband
   C. Ban
   D. Restriction

4. How is termed the government’s order to prevent the arrival or departure of merchant ships or to restrict import or export of specified or all goods with a foreign nation ?

   A. Embargo
   B. Contraband
   C. Ban
   D. Restriction

5. The arrangement where goods imported from trading partners in the developing world are subject to lower tariff rates than goods from other countries is referred to as ?

   A. normal trade relation status
   B. most favored nation status
   C. offshore assembly provisions
   D. Generalized System of Preferences

6. Similar to import tariffs import quotas tend to result in ?

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

7. In the Px = export price index, Pm = import price index, Qx = export quantity index,and Qm = import quantity index. Developing countries tend to maintain that their commodity term of trade have declined over the long run suggesting that _________ has declined?

   A. Px/Pm
   B. Pm/Px
   C. (Pm/Px)Qm
   D. (Px/Pm)Qx

8. A company is in the ________ stage of the new product development process when the company develops the product concept into a physical product in order to assure that the product idea can be turned into a workable product ?

   A. product development
   B. commercialization
   C. marketing strategy
   D. business analysis

9. Mention an agreement in which one party sells a security to another party and agrees to repurchase it on a specified date for a specified price ?

   A. Redemption
   B. Guarantee
   C. Repo
   D. Repurchase arrangements

10. Term the written order which directs that a specified sum of money be paid to a specified person ?

    A. Bill of Exchange BE
    B. Bill of Lading
    C. Bearer Cheque
    D. None of them