A(n) ________ is n example of a quota where foreigners hold quota licenses ?

Related Mcqs:

1. Throughout the world, governments tend to auction quota licenses to their highest bidder ?

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

2. Governments around the world tend to auction quota licenses ?

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

3. To reduce imports, suppose that the government of Norway’s imposes a quota equal to 800 computers, Compared to what occurred under free trade, Norway’s consumers surplus will ________ and its producer surplus will _______ Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?

   A. increase, increase B. increase, decrease C. decrease, increase D. decrease, decrease...

4. ________ are profits that accrue to whomever has the right to import the good that is restricted by the quota?

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

5. If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to ?

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

6. A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product’s value must be produced domestically if that good is to be sold in the domestic market ?

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

7. Purchases of government securities in the United States by foreigners is ?

   A. a credit item in the current account B. a debit item in the capital account C. a credit item in the capital account D. a debit item in the current account...

8. In 1979-80 China first created _____ for foreigners to set up enterprises hire labor and import duty-free goods for processing and re-exporting ?

   A. special economic zones B. liberalized trade monopoly zones C. Economic Union zones D. Communist free trade areas...

9. A tariff-rate quota is essentially a ?

   A. two tier tariff applied to a country’s imports B. three-tier tariff applied to a country’s imports C. two tier quota applied to a county’s exports D. three tier quota applied to a country’s exports...

10. Under a tariff- rate quota ?

    A. The within-quota tariff rate exceeds the over-quota tariff rate B. the over-quota tariff rate exceeds the with-quota tariff rate C. The within-quota tariff rate equals the over-quota tariff rate D. The within-quota tariff rate plus over-quota tariff rate equal 100 percent...