The effective rate of protection ?

A. Distinguishes between tariffs that are effective and those that are ineffective
B. Is the minimum level at which a tariff becomes effective in limiting imports?
C. Shows how effective a tariff is in raising revenue for the government
D. Shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms

A tariff that prohibits imports has only ?

A. A revenue effect and redistribution effect
B. Revenue effect and protection effect
C. Consumption effect and protection effect
D. Redistribution effect and consumption effect

A tax of 15 percent per imported item would be an example of a (an) ?

A. Ad valorem tariff
B. Specific tariff
C. Effective tariff
D. Compound tariff

If no imported inputs (hard-disk drive) go into the domestic production of a final product (desktop computer) then the ?

A. Nominal tariff rate on the final product equals the effective tariff rate on the product
B. Nominal tariff rate on the final product is greater than the effective rate on the product
C. Nominal tariff rate on the final product is less than the effective tariff rate on the final product
D. None of the above

The national security argument for protection is more likely to be valid when ?

A. The purpose is to maintain protection for an indefinite time period
B. The industry is characterized by increasing returns to scale
C. The economy operates during a recession
D. The protected industry provides invaluable goods during periods of war

A tariff ______ increase a country overall welfare?

A. Will always
B. Will never
C. Can sometimes
D. None of the above

Suppose that the offshore assembly provisions (OAP) of the United States are granted to finished computers that are imported and produced domestically This policy will tend to ?

A. Cause foreign assemblers of computers to use more computer components that are supplied by countries other than the united states
B. Increase the price of computers to consumers in the united states
C. Increase the production of computers in the united states
D. Increase the production of computer components in the united states

With the tariff, the quantity of imports falls to ?

A. 12,000 units
B. 20,000 units
C. 30,000 units
D. 42,000 units

The deadweight cost of the tariff equals ?

A. $10,000
B. $25,000
C. $50,000
D. $75,000

A tariff of ________ would be prohibitive causing imports to fall to zero?

A. $10
B. $15
C. $20
D. $25