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11) The main redistribution effect of a tariff the transfer

Question : 11) The main redistribution effect of a tariff the transfer : 1925444

11) The main redistribution effect of a tariff is the transfer of income from

A) domestic producers to domestic buyers.

B) domestic buyers to domestic producers.

C) domestic producers to domestic government.

D) domestic government to domestic consumers.

E) foreign producers to domestic consumers.

12) The principle benefit of tariff protection goes to

A) domestic consumers of the good produced.

B) foreign consumers of the good produced.

C) domestic producers of the good produced.

D) foreign producers of the good produced.

E) the domestic government.

13) As globalization tends to increase the proportion of imported inputs relative to domestically supplied components,

A) the nominal tariff automatically increases.

B) the rate of (effective) protection automatically decreases.

C) the nominal tariff automatically decreases.

D) the rate of (effective) protection automatically increases.

E) the amount of tariffs levied increases.

14) Should the home country be "large" relative to its trade partners, its imposition of a tariff on imports would lead to an increase in domestic welfare if the terms of the trade rectangle exceed the sum of the

A) revenue effect plus redistribution effect.

B) protective effect plus revenue effect.

C) consumption effect plus redistribution effect.

D) production distortion effect plus consumption distortion effect.

E) terms of trade gain.

15) The deadweight loss of a tariff

A) is a social loss because it promotes inefficient use of national resources.

B) is a social loss because it reduces the revenue of the government.

C) is not a social loss because it merely redistributes revenue from one sector to another.

D) is not a social loss because it is paid for by rich corporations.

E) is not a social loss because it aids domestic consumers.

16) A policy of tariff reduction in the computer industry is

A) in the interest of the United States as a whole and in the interest of computer producing regions of the country.

B) in the interest of United States as a whole but not in the interest of computer producing regions of the country.

C) not in the interest of the United States as a whole but in the interests of computer producing regions of the country.

D) not in the interest of the United States as a whole and not in the interests of computer consumers.

E) not in the interest of the United States as a whole but in the interests of foreign computer producers.

17) The fact that industrialized countries levy very low or no tariff on raw materials and semi processed goods

A) helps developing countries export manufactured products.

B) has no effect on developing country exports.

C) hurts developing country efforts to export manufactured goods.

D) hurts developing country efforts to export raw materials.

E) does not affect industrialized countries' exports.

18) In an inflationary environment, then over time

A) A specific tariff will tend to raise more revenue than an ad valorum tariff.

B) An ad valorum tariff will tend to raise more revenue than a specific tariff

C) An optimum tariff will tend to raise more revenue than an escalating tariff

D) A tariff quota will tend to raise more revenue than a specific tariff.

E) an import quota would raise more revenue than a specific tariff.

19) The imposition of tariffs will help a nation attain which of the following goals?

A) Decreased domestic consumer prices

B) Increased domestic employment

C) Increased amount and variety of goods available for consumers

D) Increased competition between domestic and foreign producers

E) Gains for domestic producers

20) The change in the economic welfare of a country associated with an increase in a tariff equals

A) efficiency loss - terms of trade gain.

B) efficiency gain - terms of trade loss.

C) efficiency loss + tax revenue gain.

D) efficiency loss + tax revenue gain + terms of trade gain.

E) efficiency loss - tax revenue gain.

Solution
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