Exam 7: Governmental Influence on Trade

The argument for using protectionism to bring about industrialization in developing countries presumes that gains will occur because the industry will become internationally competitive.

An argument against limiting exports to unfriendly countries is that ________.

On average,workers displaced by imports earn higher wages in the new jobs they accept.

In addition to protection,tariffs serve to ________.

Export-led development refers to the off-shoring of production.

All of the following are potential problems of using export controls EXCEPT which one?

Export restrictions have a tendency to ________.

Most countries have agreed on how to assess values when their customs agents levy tariffs. Which of the following best expresses this agreement?

When a company is seeking protection from imports,it can usually improve its chances of getting that protection if it allies with most of the companies in the industry.

A problem that can arise in using trade protectionism to develop international competitiveness for a domestic industry is that ________.

An effective tariff is the sum of the ad valorem tariff plus the specific duty.

Why do developing countries sometimes impose import restrictions to increase their levels of industrialization?

The U.S. automobile industry has attempted to counter import competition in all the following ways EXCEPT ________.

Countries typically establish export restrictions to encourage the development of substitute products.

The most common type of tariff is the ________ tariff.

The term protectionism,when applied to international trade,refers to governmental restrictions and incentives to affect trade flows.

A quota is a quantitative limit on the amount of a product that can be traded.

It is sometimes contended that by imposing import controls a country might be able to increase its exports. This contention is premised on ________.

The government of Country X imposes import restrictions on steel to help the domestic steel industry in depressed areas. What is the most likely result of such restrictions?

In a short essay,list and discuss the nontariff barriers that relate to direct price influences: subsidies,aid and loans,customs valuations,and other direct price influences.