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Arizona State University ECN 306 QUIZ 6
Arizona State University
ECN 306
QUIZ 6.1
1)When an export duty or tariff is imposed on a domestically produced good by a large country:
2. The assumption that any feasible change in demand for an import in a country is so small that it has almost no effect on the world market for that product is called the:
3. When a tariff is imposed on an imported product, domestic consumers of that product:
4. The percentage by which the entire set of a nation's trade barriers raises the affected industry's value added per unit of output is identified as the industry's .
5. A(n) is a money amount of tax per unit of an imported product.
6. When a tariff is imposed on an imported product:
7. If a country's share of the world market for an imported product is large enough that the country's buying can affect the world price of that product unilaterally, that country has:
8. The international organization that now oversees global rules that apply to international trade and that serves as a forum for discussing and resolving trade disputes is the:
9. What "mercantilistic logic" has been useful for countries that have tried to justify lowering import tariffs?
10. If a country's share of the world market for an imported product is large enough that the country's buying can affect the world price of that product unilaterally, that country has:
11. involves the practices and institutions that determine how national governments interact with each other on issues such as international trade policies.
12. A tariff rate that creates the largest net gain for the country imposing the tariff is called the:
13. The was an international agreement adopted in 1947 that focused on reducing the barriers to international trade.
14. A tariff is generally a tax on , while a duty is generally a tax on .
15. The net national loss from a tariff is computed as:
16. The one-dollar, one-vote metric for measuring net national loss from a tariff implies that:
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