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Reading 16: Trading with the World - LOS b ~ Q1-5

Q1. The primary benefits derived from tariffs usually accrue to:

A)   domestic suppliers of goods protected by tariffs.

B)   foreign producers of goods protected by tariffs.

C)   domestic producers of export goods.

Q2. In what way does a tariff differ from a quota? A tariff is:

A)   not significantly different from a quota; tariffs are imposed by world organizations, whereas quotas are imposed by individual countries.

B)   a tax imposed by a foreign government, whereas a quota is a limit on the total amount of trade allowed.

C)   a tax imposed on imports, whereas a quota is a limit on the number of units of a good that can be imported.

Q3. What is the difference between a tariff and a quota?

A)     A tariff is a tax imposed on imports whereas a quota sets a limit on the amount of imports.

B)     A tariff is a tax imposed on imports whereas a quota is a target goal for exports.

C)     A quota is a tax imposed on imports whereas a tariff sets a limit on the amount of imports.

Q4. Who benefits least from tariffs?

A)     Domestic consumers.

B)     Foreign consumers.

C)     Domestic producers.

Q5. Who benefits the most from a quota?

A)     Foreign consumers.

B)     Domestic producers.

C)     Foreign producers.

回复 2# mayanfang1


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