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
Related Mcqs:
- Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are ?
A. Progressive and thus bear down on the wealthy
B. regressive and thus bear down on the poor
C. proportional and thus bear down on all consumers in the same manner
D. deflationary and thus result in reductions in the price of imports - When several countries jointly impose common external tariffs, eliminate tariffs on each other, and eliminate barriers to the movement of labor and capital among themselves, they have formed a/na ?
A. free trade area
B. customs union
C. common market
D. economic union - Antidumping duties applied to imported goods ?
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 - Antidumping duties are used to ?
A. offset the margin of dumping
B. punish domestic consumers for buying high-priced imported goods
C. discourage foreign governments from subsidizing their exporters
D. reduce the tariff revenue of the domestic government - 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 - Tariffs ?
A. Decrease the domestic price of a product
B. Increase government earnings from tax
C. Increase the quantity of imports
D. Decrease domestic production - Ad valorem tariffs are collected as ?
A. fixed amounts of money per unit traded
B. a percentage of the price of the product
C. a percentage of the quantity of imports
D. All of the above - In developed countries, tariffs on raw materials tend to be ?
A. highest of all
B. higher than on manufactured goods
C. equal to tariffs on manufactured goods
D. lower than on manufactured goods - Specific tariffs are collected as ?
A. fixed amount of money per unit traded
B. a percentage of money per unit traded
C. a percentage of the quantity of imports
D. All of the above - When did World Trade Organization replace General Agreement on Tariffs and Trade (GATT)?
A. 1st January 1995
B. 1st January 1998
C. 1st December 1999
D. 1st June 2000Submitted by: Syed Nizakat Ali Shah
