Tariffs & Industrial Development Mcqs
Tariffs & Industrial Development Mcqs, this topic has 59 mcqs, It takes five to ten minutes to complete this free Tariffs & Industrial Development Mcqs test. You will see 4 or 5 option of each question. You must choose / think only one option and then press on answer key for check right answer. Practice "Tariffs & Industrial Development Mcqs" MCQs and share with your friends, brothers, sisters.
Tariffs & Industrial Development Mcqs (Total Quiz: 59)
MCQ: If a nation fitting the criteria for the large nation model imposes an import tariff ?
- the domestic price of the product will increase by more than the tariff itself
- The domestic price of the product will increase by the same amount as the tariff
- The domestic price of the product will increase by less than the tariff
- None of the above
C
MCQ: According to the _____ argument for protection, tariffs can shield new industries from import competition until they have grown strong and efficient enough to withstand the competition by foreign producers ?
- scientific tariff argument
- infant industry argument
- beggar they neighbor argument
- foreign dumping argument
B
MCQ: A tariff that prohibits imports has only ?
- a revenue effect and redistribution effect
- revenue effect and protection effect
- consumption effect and protection effect
- redistribution effect and consumption effect
C
MCQ: The effective rate of protection ?
- distinguishes between tariffs that are effective and those that are ineffective
- is the minimum level at Which a tariff becomes effective in limiting imports?
- shows how effective a tariff is in raising revenue for the government
- shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms
D
MCQ: Specific tariffs are collected as ?
- fixed amount of money per unit traded
- a percentage of money per unit traded
- a percentage of the quantity of imports
- All of the above
A
MCQ: If I purchase a stereo from South Korea, I obtain the stereo and South Korea obtains the dollars But if I purchase a stereo produced in the Pakistan I obtain the stereo and the rupees remain in Pakistan, This line of reasoning is ?
- valid for stereos, but nor for most products imported by Pakistan
- valid for most products imported by Pakistan but not for stereos
- deceiving since Koreans eventually spend the dollars on Pakistani goods
- deceiving since the dollars spent on a stereo built in the Pakistan eventually wind up overseas
C
MCQ: For advanced countries such as the United States, tariffs on imported raw materials tend to be ?
- equals to tariffs on imported manufactured goods
- lower than tariffs on imported manufactured goods
- higher than tariffs on imported manufactured goods
- The highest of all tariffs
B
MCQ: A tax of 15 percent per imported item would be an example of a (an) ?
- Ad valorem tariff
- Specific tariff
- Effective tariff
- Compound tariff
A
MCQ: The national security argument for protection is more likely to be valid when ?
- The purpose is to maintain protection for an indefinite time period
- The industry is characterized by increasing returns to scale
- The economy operates during a recession
- The protected industry provides invaluable goods during periods of war
D