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128. Consider Figure 5.5. The Japanese export quota’s revenue effect totals $1200.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Challenging
QUESTION TYPE:
True / False
HAS VARIABLES:
False
PREFACE NAME:
Figure 5.5
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
United States – BUSPROG: Reflective Thinking
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Absolute Import Quota
KEYWORDS:
BLOOM’S: Analyze
DATE CREATED:
6/22/2016 3:19 PM
DATE MODIFIED:
6/22/2016 3:19 PM
129. Consider Figure 5.5. The government of Mexico collects 50 percent of the export quota’s revenue effect, or $600, in
the form of tax revenue.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
PREFACE NAME:
Figure 5.5
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
United States – BUSPROG: Reflective Thinking
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Absolute Import Quota
KEYWORDS:
BLOOM’S: Analyze
DATE CREATED:
6/22/2016 3:19 PM
DATE MODIFIED:
6/22/2016 3:19 PM
130. Consider Figure 5.5. Assuming that the revenue effect of the export quota accrues to Japanese firms, the overall
welfare loss to Mexico equals $2100 as a result of the quota.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Challenging
QUESTION TYPE:
True / False
HAS VARIABLES:
False
PREFACE NAME:
Figure 5.5
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
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Page 56
United States – BUSPROG: Reflective Thinking
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Absolute Import Quota
KEYWORDS:
BLOOM’S: Analyze
DATE CREATED:
6/22/2016 3:19 PM
DATE MODIFIED:
6/22/2016 3:19 PM
131. Is a tariff-rate quota a two-tier tariff? Why?
ANSWER:
Yes. It allows a specified number of goods to be imported at one tariff rate, whereas any
imports above this level face a higher tariff rate.
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Subjective Short Answer
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
United States – BUSPROG: Reflective Thinking
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Tariff-Rate Quota: A Two Tier Tariff
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
6/22/2016 3:19 PM
DATE MODIFIED:
6/22/2016 3:19 PM
132. What is the price-based definition of dumping?
ANSWER:
Price-based dumping occurs when a foreign firm sells a good at a price in a foreign country
which is below the price for which it sells the product at home.
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Subjective Short Answer
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
United States – BUSPROG: Reflective Thinking
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Dumping
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
6/22/2016 3:19 PM
DATE MODIFIED:
6/22/2016 3:19 PM
133. Describe some of the differences between tariffs and quotas?
ANSWER:
Tariffs and quotas differ in their revenue effects and restrictive impacts on the volume of
trade. While quotas are easier to administer and manage, they do not provide the government
with revenue.
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Essay
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
United States – BUSPROG: Reflective Thinking
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Absolute Import Quota
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
6/22/2016 3:19 PM
DATE MODIFIED:
6/22/2016 3:19 PM
134. What are the intent and impact of domestic content requirements?
ANSWER:
Domestic content requirements try to limit the practice of job outsourcing and also encourage
the development of domestic industry. They stipulate the minimum percentage of a product’s
value that must be produced in the home country for that product to be sold there. Domestic
content protection tends to impose welfare losses on the domestic economy in the form of
higher production costs and higher-priced goods.
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Essay
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
United States – BUSPROG: Reflective Thinking
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Domestic Content Requirements
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
6/22/2016 3:19 PM
DATE MODIFIED:
6/22/2016 3:19 PM
135. Government imposed limits on the quantities of goods traded between nations are called
a.
b.
c.
d.
ANSWER:
a
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Introduction
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/1/2016 2:59 AM
DATE MODIFIED:
7/1/2016 4:52 AM
136. Nontariff trade barriers include all of the following except
a.
export subsidies
b.
import subsidies
c.
customs duties
d.
domestic content regulations
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ANSWER:
c
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Introduction
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/1/2016 5:14 AM
DATE MODIFIED:
7/1/2016 6:24 AM
137. Similar to import tariffs, quotas on imports result in
a.
higher levels of consumer surplus
b.
lower levels of producer surplus
c.
higher prices for domestic consumers
d.
higher prices for foreign consumers
ANSWER:
c
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Absolute Import Quota
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/1/2016 6:25 AM
DATE MODIFIED:
7/1/2016 6:27 AM
138. Import quotas
a.
increase the price to the domestic consumer
b.
have a protective effect but not a consumption effect
c.
have a consumption effect but not a protective effect
d.
generate no deadweight welfare losses for the home country
ANSWER:
a
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Absolute Import Quota
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/1/2016 6:27 AM
DATE MODIFIED:
7/1/2016 6:29 AM
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Page 59
139. Throughout the world, governments auction quota licenses
a.
never
b.
always
c.
often
d.
seldom
ANSWER:
d
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Absolute Import Quota
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/1/2016 6:29 AM
DATE MODIFIED:
7/1/2016 6:30 AM
140. A licensing requirement, or an unreasonable standard regulating the safety or quality of a product that is imported
into a country, is called a
a.
nontariff barrier to trade
b.
voluntary export restriction
c.
protective tariff
d.
customs duty
ANSWER:
a
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Introduction
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/1/2016 6:31 AM
DATE MODIFIED:
7/1/2016 6:32 AM
141. An example of a nontariff trade barrier would be
a.
a tax on an imported product
b.
a tax on an exported product
c.
a minimum restriction on the quantity of imports
d.
a subsidy granted to import-competing producers
ANSWER:
d
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
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NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Subsidies
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/1/2016 6:32 AM
DATE MODIFIED:
7/1/2016 6:34 AM
142. If Canada was to levy a quota on chocolate imported from Denmark
a.
Canada would decrease its exports of chocolate
b.
the price of chocolate in Denmark would increase
c.
employment of workers in Denmark’s chocolate industry would increase
d.
consumer surplus would decline in Canada
ANSWER:
d
POINTS:
1
DIFFICULTY:
Challenging
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Analytic Reflective Thi – BUSPROG: Reflective Thinking
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Subsidies
KEYWORDS:
BLOOM’S: Apply
DATE CREATED:
7/1/2016 6:38 AM
DATE MODIFIED:
7/1/2016 6:39 AM
143. In the long run, increased import quotas by Mexico’s government would tend to
a.
increase Mexico’s imports and exports
b.
decrease Mexico’s imports and exports
c.
increase Mexico’s imports and decrease its exports
d.
decrease Mexico’s imports and increase its exports
ANSWER:
b
POINTS:
1
DIFFICULTY:
Challenging
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Analytic Reflective Thi – BUSPROG: Reflective Thinking
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Absolute Import Quota
KEYWORDS:
BLOOM’S: Apply
DATE CREATED:
7/1/2016 6:40 AM
DATE MODIFIED:
7/1/2016 6:41 AM
144. Import quotas will increase the price consumers pay for imported goods and
a.
increase the volume of imports
b.
increase the volume of exports
c.
decrease the volume of imports
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Page 61
d.
decrease the volume of exports
ANSWER:
c
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Absolute Import Quota
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/1/2016 6:41 AM
DATE MODIFIED:
7/1/2016 6:43 AM
145. A removal of an import quota tends to result in
a.
lower import prices for domestic consumers
b.
higher profits for domestic producers
c.
a reduced quantity of the imported good
d.
lower levels of consumer surplus
ANSWER:
a
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Absolute Import Quota
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/1/2016 6:43 AM
DATE MODIFIED:
7/1/2016 6:44 AM
146. For a tariff-rate quota
a.
the within-quota tariff rate exceeds the over-quota tariff rate
b.
the within-quota tariff rate equals the over-quota tariff rate
c.
the within-quota tariff rate is less than the over-quota tariff rate
ANSWER:
c
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Tariff-Rate Quota: A Two-Tier Tariff
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/1/2016 6:45 AM
DATE MODIFIED:
7/1/2016 6:57 AM
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Page 62
147. A tariff-rate quota tends to result in
a.
a revenue effect
b.
a protective effect
c.
a consumption effect
d.
all of the above
ANSWER:
d
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Absolute Import Quota
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/1/2016 6:51 AM
DATE MODIFIED:
7/1/2016 6:56 AM
148. In the early 1980s, the Japanese government limited shipments of Japanese automobiles to the United States. This
limitation was known as
a.
an export tariff
b.
an export quota
c.
a domestic content requirement
d.
a foreign content requirement
ANSWER:
b
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Export Quotas
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/1/2016 6:54 AM
DATE MODIFIED:
7/1/2016 6:56 AM
149. A domestic content requirement placed on automobiles would tend to result in
a.
rising production costs of autos
b.
decreasing prices of autos
c.
higher levels of consumer surplus
d.
higher levels of auto imports
ANSWER:
a
POINTS:
1
DIFFICULTY:
Challenging
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
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Page 63
NATIONAL STANDARDS:
United States – BUSPROG: Analytic Reflective Thi – BUSPROG: Reflective Thinking
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Domestic Content Requirements
KEYWORDS:
BLOOM’S: Apply
DATE CREATED:
7/1/2016 6:57 AM
DATE MODIFIED:
7/1/2016 6:59 AM
150. According to U.S. trade law, which of the following is/are illegal in American markets?
a.
dumping only
b.
export subsidies only
c.
dumping and export subsidies
d.
neither dumping nor export subsidies
ANSWER:
c
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Analytic Reflective Thi – BUSPROG: Reflective Thinking
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Dumping
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/1/2016 6:59 AM
DATE MODIFIED:
7/1/2016 7:01 AM
151. Suppose that Airbus sells jetliners in the United States at prices below fair value, to drive Boeing out of business and
then become a monopoly. This conduct is known as
a.
persistent dumping
b.
predatory dumping
c.
sporadic dumping
d.
subsidization dumping
ANSWER:
b
POINTS:
1
DIFFICULTY:
Challenging
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Analytic Reflective Thi – BUSPROG: Reflective Thinking
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Dumping
KEYWORDS:
BLOOM’S: Apply
DATE CREATED:
7/1/2016 7:01 AM
DATE MODIFIED:
7/1/2016 7:03 AM
152. Which government agency/agencies make investigations in order to resolve dumping cases?
a.
Antitrust Division of the Justice Department
b.
Federal Trade Commission
c.
the International Trade Commission and the Commerce Department
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Page 64
d.
Federal Trade Commission and Consumer Product Safety Commission
ANSWER:
c
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Antidumping Regulations
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/1/2016 7:03 AM
DATE MODIFIED:
7/1/2016 7:04 AM
153. For the United States, antidumping laws tend to result in
a.
a decrease in consumer surplus
b.
a decrease in producer surplus
c.
a ceiling imposed on foreign prices
d.
lower tax revenue for the U.S. government
ANSWER:
a
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
Multiple Choice
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Antidumping Regulations
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/1/2016 7:05 AM
DATE MODIFIED:
7/1/2016 4:08 PM
154. Excessive sea transport and freight regulations are examples of nontariff trade barriers.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Other Nontariff Trade Barriers
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/1/2016 7:06 AM
DATE MODIFIED:
7/1/2016 7:08 AM
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Page 65
155. For the United States, corporate average fuel economy standards (CAFÉ) provide a minimum limit on the number of
gallons of gas that an automobile can consume per mile driven.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Other Nontariff Trade Barriers
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/1/2016 7:08 AM
DATE MODIFIED:
7/1/2016 7:09 AM
156. In 1933 the U.S. government enacted the Buy American Act which requires federal agencies to purchase materials
and products from American suppliers if their prices are not unreasonably higher than those of foreign competitors.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Other Nontariff Trade Barriers
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/1/2016 7:10 AM
DATE MODIFIED:
7/1/2016 7:11 AM
157. In 2011 Whirlpool Inc. won an antidumping/subsidy case against clothes-washer imports from Samsung and LG.
This resulted in antidumping/subsidy duties being imposed on imports of clothes washers from these foreign producers.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Antidumping Regulations
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/1/2016 7:11 AM
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Page 66
DATE MODIFIED:
7/1/2016 7:12 AM
158. A subsidy granted to an import-competing producer tends to be absorbed by producer surplus and higher-costs of
production.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Easy
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Subsidies
KEYWORDS:
BLOOM’S: Remember
DATE CREATED:
7/1/2016 7:13 AM
DATE MODIFIED:
7/1/2016 7:14 AM
159. For a tariff-rate quota, the within-quota tariff rate is more than the over-quota tariff rate.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Tariff-Rate Quota: A Two-Tier Tariff
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/1/2016 7:14 AM
DATE MODIFIED:
7/1/2016 7:15 AM
160. A subsidy granted to import-competing producers is often preferred to an import tariff on the grounds that it results
in a smaller deadweight welfare loss and allows consumption to remain unchanged.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Subsidies
KEYWORDS:
BLOOM’S: Understand
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Page 67
DATE CREATED:
7/1/2016 7:16 AM
DATE MODIFIED:
7/1/2016 7:17 AM
161. Antidumping duties result in an increase in consumer surplus.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Antidumping Regulations
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/1/2016 7:17 AM
DATE MODIFIED:
7/1/2016 7:18 AM
162. The result of antidumping duties is to impose a floor on foreign prices.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Is Antidumping Law Unfair?
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/1/2016 7:18 AM
DATE MODIFIED:
7/1/2016 7:19 AM
163. According to U.S. trade law, dumping is defined as selling a product at a price that is greater than fair value.
a.
True
b.
False
ANSWER:
False
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Antidumping Regulations
KEYWORDS:
BLOOM’S: Understand
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Page 68
DATE CREATED:
7/1/2016 7:20 AM
DATE MODIFIED:
7/1/2016 7:21 AM
164. The most likely/common reason for international dumping is that firms are international price discriminators,
responding to different demand conditions in different markets.
a.
True
b.
False
ANSWER:
True
POINTS:
1
DIFFICULTY:
Moderate
QUESTION TYPE:
True / False
HAS VARIABLES:
False
NATIONAL STANDARDS:
United States – BUSPROG: Promotion – BUSPROG: Analytic
STATE STANDARDS:
United States – PA – DISC: International trade and fi – DISC: International trade and finance
TOPICS:
Dumping
KEYWORDS:
BLOOM’S: Understand
DATE CREATED:
7/1/2016 7:21 AM
DATE MODIFIED:
7/1/2016 7:23 AM