Topic: Trade Restrictions
47.
The primary motivation of tariffs is to
48.
In the U.S., the Smoot-Hawley Tariff Act did not
49.
Official prices ensure all but that
50.
Import duties can be set to encourage
51.
Nuisance tariffs
52.
A nontariff barrier is illustrated by all but
53.
Quotas are a quantitative barrier that sets
54.
Transshipping is used to
55.
The U.S. allocates quotas to 40 countries for specific tonnages of
56.
Although the U.S. supports free trade, since 1789 it has supported tariffs to protect
domestic
57.
Unlike quotas, voluntary export restraints (VERs) are imposed by
58.
Examples of orderly marketing arrangements are
59.
Non-quantitative nontariff barriers
60.
The most common form of direct government participation in trade is
61.
Customs procedures in many countries often
62.
The imposition of standards is a way to establish nontariff barriers, and the following are
examples of the imposition of standards, except for:
63.
Barriers to trade
64.
Government stability is a characteristic of a government that
65.
International business can be a power political force, in part because
66.
“In nearly every economic crisis, the root cause is political, not economic,” observed
67.
Businesses that conduct country risk assessment do so
68.
The national defense argument for trade restrictions has been used in the U.S. to argue
for restriction on exports
69.
An argument against using trade restrictions to punish an offending nation is that
70.
Counterarguments to the “protect domestic jobs from cheap foreign labor” argument
include that
71.
Tariff barriers may be used to
72.
Duties may be used to
73.
Nuisance tariffs
74.
Trade barriers create costs that are paid ultimately by the
75.
Country risk assessment is a measure of the
76.
The national defense argument for trade restrictions suggests that
77.
Sanctions against nations are
78.
Productivity per worker in economically developed countries tends to be
79.
An example of retaliatory trade restrictions is
80.
Social dumping occurs when exporting producers
81.
The main goal of tariffs is to
82.
A specific duty is a
83.
Tariffs may be set to
84.
Some nontariff barriers are difficult to discourage because
85.
An example of the use of trade as a political weapon is
86.
In centralized economies (China, Cuba, Vietnam) the government owns a large part of the
factors of production