Question 1

When did intellectual property rights become part of trade agreements?

Accepted Answer

The answer of When did intellectual property rights become part...

Question 2

Relative to the domestic market without trade,when the country is able to import from abroad at a price less than the domestic price,which of the following will NOT occur?

Accepted Answer

A) The country will be worse off. 
B) CS + PS will increase. 
C) Producer surplus will decrease. 
D) Consumer surplus will increase. 
A) The country will be worse off. 
B) CS + PS will increase. 
C) Producer surplus will decrease. 
D) Consumer surplus will increase.

Question 3

Tariff revenue is an important source of operating revenue for many governments of high income countries.

Accepted Answer

A) True 
 B)False

Question 4

Both tariffs and quotas lead to a decrease in imports,a decrease in domestic consumption,and an increase in domestic production.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is a FALSE statement about issues/negotiations in the Doha Development agenda?

Accepted Answer

A) It is intended to deal with economic development issues and trade barriers facing developing countries that were not adequately addressed in the Uruguay Round. 
B) Many developing countries are upset with the levels of tariffs and other barriers that industrialized countries use to protect agriculture, clothing and textiles. 
C) Industrialized countries want developing countries to reduce their tariffs, which on average are higher than the rates of richer countries. 
D) Developing countries don't use tariffs, and they want higher income countries to follow their model. 
A) It is intended to deal with economic development issues and trade barriers facing developing countries that were not adequately addressed in the Uruguay Round. 
B) Many developing countries are upset with the levels of tariffs and other barriers that industrialized countries use to protect agriculture, clothing and textiles. 
C) Industrialized countries want developing countries to reduce their tariffs, which on average are higher than the rates of richer countries. 
D) Developing countries don't use tariffs, and they want higher income countries to follow their model.

Question 6

Carefully explain why tariffs create deadweight losses.

Accepted Answer

Tariffs reduce domestic consumption and

Question 7

If the effective rate of protection is greater than the nominal rate of protection,there must be tariffs on intermediate products.

Accepted Answer

A) True 
 B)False

Question 8

What do developing countries want regarding agriculture in the Doha Round?

Accepted Answer

To limit government practices

Question 9

Since the mid-1980s,tariff rates in most nations have risen.

Accepted Answer

A) True 
 B)False

Question 10

The graph above shows supply and demand in the domestic market without trade.Consumer surplus without trade is represented by area

Accepted Answer

A) P1-E-Po 
B) P1-E-0 
C) Po-E-0 
D) P1-E-Qo 
A) P1-E-Po 
B) P1-E-0 
C) Po-E-0 
D) P1-E-Qo

Question 11

Nontariff measures are generally much more difficult to eliminate than tariffs and quotas because they are embedded more deeply in national economic policies.

Accepted Answer

A) True 
 B)False

When did intellectual property rights become part of trade agreements?

Relative to the domestic market without trade,when the country is able to import from abroad at a price less than the domestic price,which of the following will NOT occur?

Tariff revenue is an important source of operating revenue for many governments of high income countries.

Both tariffs and quotas lead to a decrease in imports,a decrease in domestic consumption,and an increase in domestic production.

Which of the following is a FALSE statement about issues/negotiations in the Doha Development agenda?

Carefully explain why tariffs create deadweight losses.

If the effective rate of protection is greater than the nominal rate of protection,there must be tariffs on intermediate products.

What do developing countries want regarding agriculture in the Doha Round?

Since the mid-1980s,tariff rates in most nations have risen.

The graph above shows supply and demand in the domestic market without trade.Consumer surplus without trade is represented by area

Nontariff measures are generally much more difficult to eliminate than tariffs and quotas because they are embedded more deeply in national economic policies.

The United States in a Global Economy

International Economic Institutions Since World War II

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

Export-Oriented Growth in East Asia

China and India in the World Economy

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Exam 6: The Theory of Tariffs and Quotas

When did intellectual property rights become part of trade agreements?

Relative to the domestic market without trade,when the country is able to import from abroad at a price less than the domestic price,which of the following will NOT occur?

Tariff revenue is an important source of operating revenue for many governments of high income countries.

Both tariffs and quotas lead to a decrease in imports,a decrease in domestic consumption,and an increase in domestic production.

Which of the following is a FALSE statement about issues/negotiations in the Doha Development agenda?

Carefully explain why tariffs create deadweight losses.

If the effective rate of protection is greater than the nominal rate of protection,there must be tariffs on intermediate products.

What do developing countries want regarding agriculture in the Doha Round?

Since the mid-1980s,tariff rates in most nations have risen.

The graph above shows supply and demand in the domestic market without trade.Consumer surplus without trade is represented by area

Nontariff measures are generally much more difficult to eliminate than tariffs and quotas because they are embedded more deeply in national economic policies.

The United States in a Global Economy

International Economic Institutions Since World War II

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

Export-Oriented Growth in East Asia

China and India in the World Economy

Filters