Mod 44 Quiz

An example of a tariff is a:

• limit on the total number of Honda automobiles imported from Japan.

• regulation specifying that each imported Honda automobile must meet certain emission exhaust guidelines.

• tax of $500 on each Honda automobile produced in the United States.

• a subsidy given to foreign automobile producers who build their autos in the United States.

• tax of 10% of the value of each Honda automobile imported from Japan.

Which of the following is an example of an import quota?

• A limit on the total number of shoes imported from Italy.

• Regulation that specifies that each imported toy from China must meet certain safety guidelines.

• A tax of $100 on each Suzuki motorcycle produced in the United States.

• A tax of 10% of the value of each Suzuki motorcycle imported from Japan.

• A regulation that denies imported goods from any nation that uses child labor to produce the goods.

A tariff imposed on Japanese imports into the United States tends to:

• penalize U.S. producers and benefit Japanese producers.

• benefit U.S. producers and penalize Japanese producers.

• penalize both U.S. and Japanese producers.

• benefit both U.S. and Japanese producers.

• benefit U.S. consumers and penalize Japanese producers.

A tariff ________ the price received by domestic producers and ________ the price paid by domestic consumers.

• increases; increases

• increases; decreases

• decreases; decreases

• decreases; increases

• increases; has no impact on

A direct restriction on the quantity of an import is called a(n):

• quota.

• tariff.

• import subsidy.

• import restriction.

• export tax.