review_ch9 - 5. Explain two approaches to distribute import...

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Econ 306 Ch.9 review questions 1. Describe three non-tariff barriers. 2. Using fig. 9. 2 analyze the effects of a quota on: producer surplus, consumer surplus, government of the importing country, foreign producers in the case of a small open economy. 3. Do the same for a large open economy. 4. Compare and contrast the effects of a tariff and a quota in the case of a small open economy.
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Unformatted text preview: 5. Explain two approaches to distribute import licenses under a quota system. In each case explain the effect on income distribution. 6. Explain the effects of VERs on consumers and producers in the importing country. 7. True. False. Uncertain. VERs contribute to quality upgrading on the part of foreign exporters. 8. End of chapter questions - #1, 2, 3, 7....
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