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

Related Mcqs:

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

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

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

   A. export quota
   B. embargo
   C. auction quota
   D. tariff quota

3. Takatoshi Ito (1992) contends that parliamentary governments manipulate the timing of _____ while presidential governments manipulate the timing of _____?

   A. monetary policy, fiscal policy
   B. elections; economics policies
   C. economic policies; political policies
   D. tax collection, tax implementation

4. Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin?

   A. purchase; decrease
   B. purchase; increase
   C. sell; increase
   D. sell; decrease

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. An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?

   A. relatively small; more difficult
   B. relatively small; easier
   C. relatively large; more difficult
   D. relatively large; easier

7. If a tariff and import quota lead to equivalent increases 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 different impacts on how much is produced and consumed
   D. They have different impacts on how income is distributed

8. During periods of growing domestic demand, an import quota ?

   A. is less restrictive on a country’s imports than a tariff
   B. Is more restrictive on a country’s imports than a tariff
   C. has the same restrictive effect on a country’s imports as a tariff
   D. will always generate increased tax revenue for the government

9. A tariff-rate quota ?

   A. is a limit on the number of tariffs that a country can place on imports?
   B. uses a single tariff along with import quotas to restrict import
   C. is designed to avoid the the price increases caused by simple tariffs
   D. is a two-tier tariff system intended to restrict imports?

10. ________ 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