Trade Policy Quiz

Froggy Jumps

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Tariffs, subsidies, and quotas

majany

Mexico

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Trade Policy Quiz


Froggy Jumps Trade Policy QuizVersion en ligne Tariffs, subsidies, and quotas par majany 1 What is a tariff? a A tax on exports b A tax levied on imports c A subsidy to domestic producers 2 What is a Specific tariff? a A tax on domestic production b A percentage of the good's value c A fixed charge per unit of good imported 3 What describes an Ad valorem tariff? a A subsidy to exporters b A fixed charge per unit c A tariff a proportion of the imported good's value 4 What is a Subsidy? a A direct import quota b A tax on imports c Government financial assistance to a domestic producer 5 Which is a form of subsidy? a Export duties b Quota licenses c Cash grants 6 How can subsidies be funded? a From consumer fines b From taxes c From international loans 7 What is a potential effect of subsidies? a Improved efficiency and higher trade b Over-production and inefficiency c Reduction in domestic production 8 What is an Import quota? a A tax on all imports b A direct restriction on the quantity of a good imported c A subsidy for importers 9 What does a Tariff rate quota combine? a A flat tax on exports b A complete ban on all imports c A quota limit with a tariff on imports 10 Which policy restricts how much of a good can be imported directly? a Import quota b Subsidy c Ad valorem tariff