S06-NTBs - Econ 340 Winter Term 2011 Study Questions Alan...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 340 Alan Deardorff Winter Term 2011 NTBs Study Questions Page 1 of 5 Study Questions Lecture 6 Non-Tariff Barriers Part 1: Multiple Choice Select the best answer of those given. 1. Which of the following is not a non-tariff barrier? a. A quota on apparel. b. A tax equal to 12% of value on imported oil. c. A voluntary export restraint on cars. d. A regulation requiring government agencies to favor domestically producers. e. The threat to levy a tariff on imports that are sold at an unfairly low price. 2. When the United States imposed a VER on cars from Japan a. Japanese firms were the recipients of the rents from the quantitative restriction. b. Japanese car companies responded by lowering the U.S. prices of their cars. c. Japanese car companies responded by lowering the quality of the cars they sold in the U.S. d. It was implemented by the U.S. levying a 25% tariff on cars from Japan. e. The effect was to restrict U.S. imports from all foreign countries. 3. The main difference between a tariff and a quota is a. A quota reduces the quantity of imports more than a tariff. b. A tariff raises the price of imports more than a quota. c. A quota does not harm domestic consumers. d. A tariff does not harm foreign producers. e. A tariff generates government revenue, while a quota, unless it is sold, does not.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Econ 340 Alan Deardorff Winter Term 2011 NTBs Study Questions Page 2 of 5 4. A government procurement regulation or practice constitutes a nontariff barrier when a. Government agencies are required to purchase from the lowest bidder. b.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/28/2011 for the course ECON 340 taught by Professor Deardorff during the Winter '07 term at University of Michigan.

Page1 / 5

S06-NTBs - Econ 340 Winter Term 2011 Study Questions Alan...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online