42.Which of the following refers to a fixed-percentage for each unit of an imported product as it enters the country?a.Specific tariffb.Ad valorem tariffc.Nominal tariffd.Effective tariffE. compound tariffd.43.A one dollar tax on imported coffeewould be an example of:44. A declinein the tariff rate will cause:Figure 4.1. Import Tariff Levied by a "Small" Country45.Consider Figure 4.1. In the case of a closed economy, the equilibrium quantityis:59
46.Consider Figure 4.1. Suppose the world price equals $3. With free trade, Mexico produces:a.10 calculatorsb.60 calculatorsc.80 calculatorsd.110 calculators47.Consider Figure 4.1. Suppose the world price is $3. With free trade, the amount of Mexico's imports equal:48. Consider Figure 4.1. With a per-unit tariff of $3, the total amount of tariff revenue collected by the government equals49.An argument in opposition to U.S. trade restrictions includes which of the following:50.The most vocal political pressure in favor oftariffs is generally made by:a.Supporters of free tradeb.consumersc.Businesses who lose profits because of international competitiond.Producers lobbying for less protectionism3. The practice of Canadian firms dumping their products in Sweden4. Export subsidies levied by overseas governments upon goods sold to the United States:6. To claim that South Korea is dumping DVD Recorders in the U.S. is to maintain that:
You've reached the end of your free preview.
Want to read all 144 pages?