Trade Regulations And Industrial Policies Mcqs

MCQ: Concerning dumping, which of the following is true ?

  1. predatory dumping represents the most common form of dumping by U.S firms
  2. U.S firms can obtain protection from foreign dumping, even though this protection tends to harm overall U.S welfare
  3. dumping can never be a profit-maximizing strategy for U.S firms to pursue
  4. U.S firms rarely if ever, engage in distress dumping or persistent dumping

Releted Questions

Trade Regulations And Industrial Policies Mcqs

MCQ: In 1980 the U.S imposed export quotas on grain sold to the Soviet Union in response to its armed invasion of Afghanistan if other nations do not increase grain exports to the soviets all the following would likely occur except?

  1. Grain prices would rise in the Soviet union
  2. Consumer surplus would decrease for the soviets
  3. Grains prices would rise in the united States
  4. Export revenues would decrease for U.S producers

C

MCQ: The strongest political pressure for a trade policy that results in higher protectionism comes from?

  1. domestic workers lobbying for import restriction
  2. domestic workers lobbying for export restrictions
  3. domestic consumers lobbying for export restrictions
  4. domestic consumers lobbying for import restrictions

D

MCQ: When one country provides most favored nation status (normal trade relations) for another, it agrees to ?

  1. charge the nation’s products a lower tariff than any other nation’s
  2. charge that nation’s products a tariff rate no higher than that on any other nation
  3. charge that nation’s products a higher tariff than any other nation’s
  4. exports to that nation any products that it wants to purchase

B

MCQ: Countervailing duties levied by the U.S government are imposed to offset ?

  1. foreign dumping of goods in the U.S
  2. subsidies granted to foreign firms that export to the U.S
  3. buy national policies of foreign government
  4. stringent environmental regulations of foreign government s

B

MCQ: To help its firms penetrate Mexico’s radio market suppose the Japanese government provides them a subsidy of $15 for each radio shipped to Mexico As a result of this trade policy ?

  1. The price of radios in Mexico equals $60 and its imports equal 30 radios
  2. The price of radios in Mexico equals $30 and its imports equal 30 radios
  3. The price of radios in Mexico equals $40 and its imports equals 20 radios
  4. The price of radios in Mexico equals $20 and its imports equal 40 radios

B

Multiple Choice Questions and Answers