A. who has the quota license
B. the size of the quota
C. elasticities of domestic demand and supply
D. All of the above
Related Mcqs:
- A(n) ________ is n example of a quota where foreigners hold quota licenses ?
A. export quota
B. embargo
C. auction quota
D. tariff quota - Suppose that Russia steel firms engage in dumping in the German market in terms of overall economic welfare, German welfare would _______ as the result of the dumping?
A. increase
B. decrease
C. not change
D. None of These - The market power effect of an international joint venture can lead to welfare losses for the domestic economy unless offset by cost reductions. Which type of cost reduction would not lead to offsetting welfare gains for the overall economy ?
A. R&D generating welfare improved technology
B. development of more productive machinery
C. new work rules promoting workers efficiency
D. lower wages extracted from workers - Economic growth may depend upon _____ and _____?
A. Population size, x-efficiency
B. Population age distribution, education
C. Population growth technical progress
D. Population growth education - In a tariff and import quota lead to equivalent increase in the domestic price of steel, then ?
A. The quota results in efficiency reductions but the tariff does not
B. The tariff results in efficiency reductions but the quota does not
C. They have identical impact on how much is produced and consumed
D. They have identical impact on how income is distributed - 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 - Throughout the world, governments tend to auction quota licenses to their highest bidder ?
A. always
B. often
C. seldom
D. never - The home country government can confiscate the revenue effect of an import quota if ?
A. quota licenses are given to foreign exporting companies
B. quota licenses are auctioned to the highest bidding importing company
C. if quota licenses are given to domestic consumers of the good
D. Both A and C - 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 - 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
