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tariff MCQ

Authored by Phương Hoài

Education

University

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tariff MCQ
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10 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Specific Tariff

a fixed charge for each unit of goods imported

a fraction of the value of the imported goods

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

For a ___________ a tariff on imports lowers national well being.

small countries

large countries

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

what is the loser from tariffs

The consumers in importing countries

The producers in importing countries

The government in importing countries

the consumers in Foreign countries

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

what is the gainer from tariffs

The government in importing countries

The producers in foreign countries

The consumers in importing countries

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

consumer surplus area is

above the price and under demand curve

under the price and above the supply curve

above the price and above the demand curve

under the price and under the supply curve

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

producer surplus area is

above the price and under demand curve

under the price and above the supply curve

above the price and above the demand curve

under the price and under the supply curve

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A tax of 20 cents per unit of imported cheese would be an example of a (an):

Compound tariff

Effective tariff

Ad valorem tariff

Specific tariff

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