Exam 9: The Instruments of Trade Policy

A voluntary export restraint will ________ producer surplus,________ consumer surplus,________ government revenue,and ________ overall domestic national welfare.

It is argued that a tariff may help promote employment in a single industry,but is not likely to help employment in general.Discuss.

In the exporting country,an export subsidy will

A tax of 20 cents per unit of imported garlic is an example of a(n)

An export subsidy will ________ producer surplus,________ consumer surplus,________ government revenue,and ________ overall domestic national welfare.

A lower tariff on imported steel would most likely benefit

What is a TRUE statement concerning the imposition in the U.S.of a tariff on cheese?

If a good is imported into (small)country H from country F,then the imposition of a tariff In country H

The deadweight loss of a tariff

The change in the economic welfare of a country associated with an increase in a tariff equals

As globalization tends to increase the proportion of imported inputs relative to domestically supplied components