Question # 00052869
Posted By: solutionshere
Updated on: 03/08/2015 02:24 PM Due on: 03/08/2015
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Question 7 of 18
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3.0 Points
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Referring to Figure, how
much revenue will the U.S. government collect as a result of the tariff on
computers?
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A. $400,000
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B. $40 million
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C. $28 million
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D. $76 million
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Question 8 of 18
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2.0 Points
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A
nation can gain from imposing a tariff if:
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A. The tariff is a prohibitive tariff.
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B. The tariff is an ad valorem tariff.
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C. The tariff causes the world price to fall to
such a degree that the amount of the tariff paid by foreign exporters
exceeds the losses caused by the production and consumption effects.
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D. The tariff causes the tariff revenue
collected by the domestic government to exceed the losses caused by the
production and consumption effects.
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Question 9 of 18
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2.0 Points
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A tariff
generally __________ domestic producers of import-competing products and ____
domestic consumers of imports and import-competing goods.
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A. Helps; helps
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B. Hurts; hurts
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C. Helps; hurts
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D. Hurts; helps
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Question 10 of 18
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2.0 Points
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Which
of the following refers to the extra cost of shifting to more expensive home production
following the imposition of a tariff?
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A. Production effect.
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B. Consumption effect.
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C. Deadweight loss.
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D. Producer surplus.
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Question 11 of 18
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2.0 Points
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A country's
balance of payments records:
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A.
the prices that a country pays for its imports and the prices that the
country receives for its imports.
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B.
the flows of value between that country's residents and residents of the
rest of the world during a period of time.
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C. capital gains and losses on a country's
international assets.
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D. the value of a country's holdings of foreign
assets, minus the value of foreign holdings of the country's assets.
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Question 12 of 18
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2.0 Points
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Every international
exchange of value is entered into the balance-of-payments accounts _____
time(s).
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A. one
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B. two
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C. three
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D. four
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Solution: Homework 4