Economists generally oppose trade restrictions such as tariffs and quotas;however,if one these devices must be used,economists generally prefer tariffs to quotas.
Correct Answer:
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Q85: An effective import quota will
A)increase the revenue
Q86: A tariff
A)is usually set by domestic producers
Q87: A quota is a
A)tax imposed on each
Q88: Politically,one reason trade restrictions are common is
Q89: If Japan imposes a tariff on shoes
Q91: Both tariffs and quotas
A)benefit domestic consumers by
Q92: One reason why there may be a
Q93: A quota decreases the volume of imports,whereas
Q94: Which of the following statements about quotas
Q95: Tariffs
A)benefit consumers by lowering prices
B)harm producers by
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