11) Which type of tariff forbidden in the United States : 1925441
11) Which type of tariff is forbidden in the United States on Constitutional grounds?
A) import tariff
B) export tariff
C) specific tariff
D) prohibitive tariff
E) import quota
12) Tariffs are not defended on the ground that they
A) improve the terms of trade of foreign nations.
B) protect jobs and reduce unemployment.
C) promote growth and development of young industries.
D) prevent over-dependence of a country on only a few industries.
E) protect domestic producers from foreign low prices.
13) The most vocal political pressure for tariffs is generally made by
A) consumers lobbying for export tariffs.
B) consumers lobbying for import tariffs.
C) consumers lobbying for lower import tariffs.
D) producers lobbying for export tariffs.
E) producers lobbying for import tariffs.
14) The Metzler Paradox
A) explains why the United States uses both specific and ad valorum tariffs.
B) explains why the United States uses many none-tariff barriers to imports.
C) refers to the fact that the United States exported labor-intensive goods.
D) is not considered to be of practical application in the real world.
E) explains why import quotas can produce unpredictable results.
15) The Metzler Paradox
A) could theoretically happen when a small country levies a tariff.
B) refers to a situation when an Optimal Tariff hurts a country's economic welfare.
C) refers to a situation when the imposition of a tariff lowers domestic prices.
D) refers to a situation when the imposition of a tariff helps foreign exporters.
E) refers to a situation when export growth in a country harms its economic welfare.
16) Tariff rates on products imported into the U.S.
A) have dropped substantially over the past 50 years.
B) were prohibited by the constitution
C) reached an all time high in 2002.
D) have risen steadily since 1920.
E) were the government's main source of income in 2006.
17) What is a true statement concerning the imposition in the U.S. of a tariff on cheese?
A) It lowers the price of cheese domestically.
B) It raises the price of cheese internationally.
C) It raises revenue for the government.
D) It will always result in retaliation from abroad.
E) it leads to higher domestic demand for cheese.
18) The tariff levied in a "large country" (Home), lowers the world price of the imported good. This causes
A) foreign consumers to demand less of the good on which was levied a tariff.
B) domestic demand for imports to decrease.
C) domestic demand for imports to increase.
D) foreign suppliers to produce less of the good on which was levied a tariff.
E) no change in the foreign price of the good it imports.
19) In the country levying the tariff, the tariff will
A) increase both consumer and producer surplus.
B) decrease both the consumer and producer surplus.
C) decrease consumer surplus and increase producer surplus.
D) increase consumer surplus and decrease producer surplus.
E) decrease consumer surplus but leave producers surplus unchanged.
20) It is argued that a tariff may help promote employment in a single industry, but is not likely to help emplo