上一主题:Reading 19: Foreign Exchange Parity Relations - LOS L ~ Q
下一主题:Reading 14: Economic Growth- LOS c ~ Q9-10
返回列表 发帖

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.

答案和详解如下:

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.

Correct answer is A)

Tariffs raise domestic prices, benefiting domestic suppliers.

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.

Correct answer is C)         

The difference between a tariff and a quota is that a tariff is a tax imposed on imported goods, while a quota is an import quantity limitation. Also, a tariff will generate tax revenue, but a quota does not.

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.

Correct answer is A)

Tariffs are taxes imposed on imports that benefit domestic producers because the higher import price due to the tax allows domestic producers to be more competitive in the local market. Governments also benefit because they collect the tax. Governments do not benefit from quotas because there is no tax involved just the supply of imports is reduced, which benefits domestic producers.

Q4. Who benefits least from tariffs?

A)     Domestic consumers.

B)     Foreign consumers.

C)     Domestic producers.

Correct answer is A)

A tax imposed on imports is called a tariff, which benefits domestic producers and domestic governments. Domestic consumers lose through higher prices, less choice of products, and lower quality products.

Q5. Who benefits the most from a quota?

A)     Foreign consumers.

B)     Domestic producers.

C)     Foreign producers.

Correct answer is B)

Quotas restrict the supply of imported goods, which increases the price domestically benefiting domestic producers. Some foreign producers also benefit from the higher prices created by the quota if they receive the revenue transfer (due to higher prices received for all goods sold under the import license). However, overall the foreign producers do not sell as much of their product and have lost revenues.

TOP

[em01]

TOP

thanks

TOP

1

TOP

x

TOP

13112

TOP

1

TOP

see~~~~~~

TOP

thanks

TOP

返回列表
上一主题:Reading 19: Foreign Exchange Parity Relations - LOS L ~ Q
下一主题:Reading 14: Economic Growth- LOS c ~ Q9-10