MKT358-07 Questions and Answers Latest updated,100% CORRECT
1 view 0 purchase
Course
MKT358-07
Institution
MKT358-07
MKT358-07 Questions and Answers Latest updated
Which of the following is a trade policy instrument that the GATT and WTO have been most successful in limiting?
A. Local content requirements
B. Tariffs
C. Subsidies
D. Voluntary export restraints
E. Import quotas
Which of the following group...
MKT358-07 Questions and Answers Latest updated
Which of the following is a trade policy instrument that the GATT and WTO have
been most successful in limiting?
A. Local content requirements
B. Tariffs
C. Subsidies
D. Voluntary export restraints
E. Import quotas
Which of the following groups benefits the most from the imposition of tariffs?
A. Domestic producers
B. Consumers
C. Exporters and importers
D. Foreign producers
E. International bodies such as WTO
34. Which of the following identifies an attribute of tariffs?
A. Tariffs reduce the price of foreign goods for domestic consumers.
B. Tariffs reduce the overall efficiency of the world economy.
C. Tariffs increase exports from a sector.
D. Tariffs increase foreign competition for domestic producers.
E. Tariffs increase efficient utilization of resources.
By lowering production costs, subsidies help domestic producers to:
A. gain export markets.
B. meet import quotas.
C. meet voluntary export restraints.
D. meet the local content requirement.
E. compete in the domestic market against local producers.
Which of the following groups would benefit the most from receiving subsidies?
A. Governments
B. International organizations such as the WTO
C. Domestic producers
D. Importers
E. Foreign competitors
Which of the following statements is true about import quotas?
This study source was downloaded by 100000802531269 from CourseHero.com on 10 -27-2022 16:49:40 GMT -05:00
, A. Import quotas benefit domestic producers by limiting import competition.
B. Import quotas always lower the prices for domestically produced goods.
C. Higher tariff rates are usually applied to imports within the quota than those
over the quota.
D. Import quotas benefit consumers by decreasing the domestic price of an
imported good
E. Import quotas help foreign producers gain a competitive advantage.
Which of the following is the term for when a lower tariff rate is applied to imports
within the quota than those over the quota?
A. Tariff rate quota
B. Voluntary import restraint
C. Import duty
D. Quota rent
This study source was downloaded by 100000802531269 from CourseHero.com on 10 -27-2022 16:49:40 GMT -05:00
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ElonMusk. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.49. You're not tied to anything after your purchase.
