Specific tariff Voluntary export restraint Ad valorem tariff Import quota to

Specific tariff Voluntary export restraint Ad valorem tariff Import quota
to protect domestic consumers from harmful products. to protect the international laws of commerce. to protect the foreign country from anti-trust actions. to protect domestic producers from foreign competition.
a tariff on domestically produced products. a tariff levied on a product that is produced domestically that is designed to protect domestic industries. a tariff levied on a product that is not domestically produced. a tariff based on the profits of international firms doing business within a country.
a specific tariff and a F.A.S. tariff. a specific tariff and a F.O.B. tariff. an ad valorem tariff and a F.A.S. tariff. a specific tariff and an ad valorem tariff. a specific tariff. a counter tariff. a forgone tariff. F.A.S.
foreign firms may gain by selling the imported product at a higher price. foreign firms may lose by selling fewer imports. domestic firms lose by selling fewer products. both a and b
the domestic government. the foreign government. the domestic producers. the domestic consumers.
quotas allow imports but only at a higher price. tariffs are voluntary but quotas are not. quotas preclude additional imports at any price. tariffs do not reduce imports and quotas do.
6; 10 5; 20 6; 50 10; 20
a tariff that is imposed by the exporting country. a tariff that is imposed by an importing country. a voluntary quota imposed by the importing country. a voluntary quota imposed by the exporting country.
Switzerland Mexico Nigeria Chile
Reciprocal Trade Agreements Act. Trade and Tariff Act. Omnibus Trade and Competitiveness Act. Smoot-Hawley Tariff.
public policy. directly productive activities. rentseeking. broad focus tariff policy.
civics. public finance. public choice. economic/politics.
public finance. negative political science. public choice. economic analysis of DUP.
Trade in petroleum trade with Japan A free-trade area or a customs union Trade in services
To determine which company produced the product To determine which country produced the product To determine which country consumes the product To determine where the profits of the firm are taxed
a common market. a free-trade area. an economic union. a customs union.
the expansion of trade among member countries as a result of theelimination of tariffs. the creation of new products for trade in countries. the creation of a trade program that enhances multinational corporations. the creation of government sanctioned trade with terrorist countries.
Capital and labor can freely move within member countries. The are no trade restrictions between member countries. Member countries have a common external tariff. Member countries have a common currency.