Chapter4 - Chapter 4 The imposition of tariffs on imports...

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Chapter 4 ที่ม ทตอนคว วิซลล่าส สุด The imposition of tariffs on imports results in deadweight welfare losses for the home economy. These losses consist of the: -Protective effect plus consumption effect Suppose that the United States eliminates its tariff on steel imports, permitting foreign-produced steel to enter the U.S. market. Steel prices to U.S. consumers would be expected to: -Decrease, and the foreign demand for U.S. exports would increase A $100 specific tariff provides home producers more protection from foreign competition when: -The home market buys cheaper products rather than expensive products A lower tariff on imported aluminum would most likely benefit: -Domestic consumers of aluminum When a government allows raw materials and other intermediate products to enter a country duty free, its tariff policy generally results in a: -Nominal tariff rate less than the effective tariff rate Of the many arguments in favor of tariffs, the one that has enjoyed the most significant economic justification has been the: -Infant industry argument The redistribution effect of an import tariff is the transfer of income from the domestic: -Buyers to domestic producers of the good Which of the following is true concerning a specific tariff? -It affords less protection to home producers during eras of rising prices. The principal benefit of tariff protection goes to: -Domestic producers of the good produced
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