The effective rate of protection measures * the quota equivalent value of a tariff. the efficiency with which the tariff is collected at the customhouse. the difference between domestic and foreign prices of the import. the protection given by the tariff to domestic value added. the "true" ad valorem value of a tariff. The deadweight loss of a tariff * is not a social loss because it is paid for by rich corporations. is not a social loss because it aids domestic consumers. is a social loss because it reduces the revenue of the government. is not a social loss because it merely redistributes revenue from one sector to another. is a social loss because it promotes inefficient use of national resources.

A tariff is usually considered to be better than a quota because quotas hurt domestic producers; tariffs hurt foreign producers. tariffs produce tax revenue. tariffs help domestic producers more than quotas. quotas are inflexible. it does not distort trade as much.

A country imposing a tariff can benefit in terms of social welfare if The terms-of-trade benefit exceeds the sum of production and consumption distortion loss. The tariff revenue exceeds the sum of production and consumption distortion loss. The consumer surplus loss is less than the producer surplus gain. The terms-of-trade benefit exceeds the consumer surplus loss. Whats the answer and why is it so ?

Quotas may be set on worldwide imports or on imports from a specific country.True or False

The net welfare loss for the home country because of the tariff is: Price $25 $20 $15 $100 $0 $25 $50 10 10 20 S 30 40 40 Quantity P+1 PW P

A country imposing a tariff can benefit in terms of social welfare if  The terms-of-trade benefit exceeds the sum of production and consumption distortion loss. The tariff revenue exceeds the sum of production and consumption distortion loss. The consumer surplus loss is less than the producer surplus gain. The terms-of-trade benefit exceeds the consumer surplus loss.

Q) The demand and supply functions for a product in two large countries are given as: Country A Country B Qd = 56 - 4P Qd = 110 – 4P Qs = -4 + 2P Qs = -10 + P The importing country imposes an ad valorem tariff of 20%. Calculate the change in consumer surplus, producer surplus, government revenue and social welfare after the imposition of tariff in the importing nation.

Calculate the loss in mexico consumer surplus due to the tariff. A) $225 B) $265 C) $285 D) $325

International trade benefits the exporter at all times and sometimes also the importer. both the exporter and the importer. only the importer. only the exporter. neither the exporter nor the importer.   A tax on a good that is imposed by the importing country is called a licensing regulation. trade constraint. quantitative restriction. nontariff barrier. tariff.   In the wake of worsening relations with China, some Americans called for an increase in tariffs on Chinese products coming into America. If higher tariffs are imposed on clothing produced in China, the price of clothing in America would not change. first decrease then increase. increase. decrease. first increase then decrease.     If the government decides to impose a new tariff on orange juice from Brazil, the tariff would lead to ________ the tariff revenue collected by the U.S. government. a decrease in making illegal no change in an increase in an elimination of     If a tariff…

The following is not the cost of the tariff a. area a b. area b  c. area d d. area a+b+c+d