
Chapter 5 Nontariff Trade Barriers

Quiz
•
Science
•
1st Grade
•
Easy
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15 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
To maintain that South Koreans are dumping their VCRs in the United States is to maintain that
the cost of manufacturing VCRs in Korea is higher in Korea than in the United States because wages are higher in Korea
the cost of manufacturing VCRs in Korea is lower in Korea than in the United States because wages are lower in Korea.
Koreans are selling VCRs in the United States above their production cost.
Koreans are selling VCRs in the United States below their production cost.
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
. If import licenses are auctioned off to domestic importers in a competitive market, their scarcity value (revenue effect) accrues to
the domestic government.
domestic corporations.
foreign workers.
foreign corporations.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In certain industries, Japanese employers do not lay off workers. Therefore, they sometimes have excess supplies of goods that they cannot sell on the home market without lowering prices. To hold down losses, they sell goods in overseas markets at prices well beneath those in Japan. This practice is best referred to as
dumping.
domestic content pricing.
trigger pricing.
orderly marketing.
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Import quotas tend to lead to all of the following, except
prices falling in the exporting country.
prices increasing in the importing country.
domestic consumers of the imported good being harmed.
domestic producers of the imported good being harmed.
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Domestic content legislation applied to autos would tend to
increase profits of American auto companies.
encourage American automakers to locate production overseas.
lower auto prices for American autoworkers.
support wage levels of American autoworkers.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A firm that faces problems of falling sales and excess productive capacity might resort to international dumping if it
is able to force foreign prices below marginal production costs.
can sell at that price where domestic and foreign demand elasticities equate.
earns revenues on foreign sales that at least cover variable costs.
can charge higher prices in markets that are elastic to price changes.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following refers to a market-sharing pact negotiated by trading partners to moderate the intensity of international competition?
trigger price mechanism
local content requirements
import quota
orderly marketing agreement
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