Multiple Choice
Under the redistribution effect of tariff, the loss of consumer's surplus is neither transferable to the produces nor to the government and is called by Kindleberger as the
A) Deadweight loss of the tariff
B) Cost of the tariff
C) Both (a) and (b)
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q8: The physical limitation of quantities of different
Q9: On the basis of retaliation, tariffs can
Q10: The objective of import quotas include<br>A)To protect
Q11: Under the unilateral quota system, the autonomously
Q12: The effects of quota under partial equilibrium
Q14: Import quotas may be fixed either in
Q15: The tariffs or duties levied upon goods
Q16: When import quotas are fixed after negotiations
Q17: The increase in the domestic production of
Q18: Balance of trade includes<br>A)Visible items<br>B)Invisible items<br>C)Both visible