Home→ Economics Mcqs → Tariffs →A tariff that prohibits imports has only ?

With free trade the total value of imports would equal ?
Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are ?
Concerning a government’s trade policy, all the following generally apply except ?
Suppose that the nominal tariff rate on finished computers is 12 percent and that the weighted average of the nominal tariff rates on the inputs used in producing computers is 18 percent. Thus, the effective rate of protection for the computer industry must ?
Suppose that Pakistan imposes a tariff on ballpoint pens of 25 rupees per pen plus 12 percent of the pen’s value, this is an example of a (an) ?
If the world price of steel is $500 a ton a specific tariff $50 is equivalent to an ad valorem tariff of__________?
In today’s world, most countries impose tariffs ?
Domestic producers gain ________ because on the tariff?
With the tariff the government collects?
Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff rate equals ?
A tariff can _______ raise a country’s welfare?
If a nation fitting the criteria for the large nation model imposes an import tariff ?
According to the _____ argument for protection, tariffs can shield new industries from import competition until they have grown strong and efficient enough to withstand the competition by foreign producers ?
The effective rate of protection ?
Specific tariffs are collected as ?
If I purchase a stereo from South Korea, I obtain the stereo and South Korea obtains the dollars But if I purchase a stereo produced in the Pakistan I obtain the stereo and the rupees remain in Pakistan, This line of reasoning is ?
For advanced countries such as the United States, tariffs on imported raw materials tend to be ?
A tax of 15 percent per imported item would be an example of a (an) ?
The national security argument for protection is more likely to be valid when ?
If no imported inputs (hard-disk drive) go into the domestic production of a final product (desktop computer) then the ?
Suppose that the offshore assembly provisions (OAP) of the United States are granted to finished computers that are imported and produced domestically This policy will tend to ?
A tariff ______ increase a country overall welfare?
If a country an imposes an import tariff, its welfare can improve if ?
If a small country imposes a tariff on an imported good, its terms of trade will ?
A tariff of ________ would be prohibitive causing imports to fall to zero?
The deadweight cost of the tariff equals ?
With the tariff, the quantity of imports falls to ?
With free trade the total quantity of imports would equal ?
In developed countries, tariffs on raw materials tend to be ?
The difference between what consumers have to pay for a particular and what they are willing to pay is known as ?
_______ represents the difference between what consumer have to pay for a product and what they are willing and able to pay ?
If a nation fitting the criteria for the small nation model imposes a 10 percent tariff on imports of autos ?
A foreign-trade zone (FTZ) is ?
Most tariffs have ?
Ad valorem tariffs are collected as ?
If we consider the impact on both consumers and producers, then protection of the steel industry is ?
A tax of 20 rupees per unit of imported cheese would be an example of a (an) ?

A tariff that prohibits imports has only ?

A. a revenue effect and redistribution effect
B. revenue effect and protection effect
C. consumption effect and protection effect
D. redistribution effect and consumption effect

Correct Answer: consumption effect and protection effect ✔

Last Updated: June 18, 2019