________ occurs when a firm disposes on foreign markets a temporary increases in inventories caused by unforeseen changes in supply and demand conditions in the home economy?

A. Sporadic dumping
B. Predatory dumping
C. Persistent dumping
D. Foreign dumping

What type of trade barrier was used to protect U.S auto firms from foreign competition during 1981 – 1984 ?

A. Export quotas imposed by the japanese government
B. Export tariffs imposed by the japanese’s government
C. Import quotas imposed by the u.s government
D. Domestic subsidies granted by the u.s government

Buy national policies ?

A. Result in government purchase policies favoring domestic over foreign producers
B. Result in government purchase policies favoring foreign over domestic producers
C. Attempt to restrict the number of tourists leaving a nation
D. Are intended to publicize the advantage of the most efficient domestic companies

In certain industries Japanese employers hesitate to lay off workers Therefore they sometimes have excess supplies of goods that they cannot sell on the home market without lowering prices. To hold down losses they sell goods in overseas markets at prices well beneath those in japan This practice is best referred to as ?

A. Orderly marketing
B. Trigger pricing
C. Domestic content pricing
D. Dumping

___________ are quotas that lead to a complete abolishment of trade?

A. Embargoes
B. Voluntary export restraints
C. Nontariff barriers
D. Orderly marketing agreements

The welfare effects of a quota depend to a considerable extent upon ?

A. Who has the quota license
B. The size of the quota
C. Elasticities of domestic demand and supply
D. All of the above

The home country government can confiscate the revenue effect of an import quota if ?

A. Quota licenses are given to foreign exporting companies
B. Quota licenses are auctioned to the highest bidding importing company
C. If quota licenses are given to domestic consumers of the good
D. Both a and c

A(n) ________ is n example of a quota where foreigners hold quota licenses ?

A. Export quota
B. Embargo
C. Auction quota
D. Tariff quota

If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to ?

A. Foreign corporations
B. Foreign workers
C. Domestic corporations
D. The domestic government

Import quotas tend to result in all of the following except ?

A. Domestic producers of the imported good being harmed
B. Domestic consumers of the imported good being harmed
C. Prices increasing in the importing country
D. Prices falling in the exporting country