Concerning a government’s trade policy, all the following generally apply except ?
A. economic downturn and recession generally result in greater protectionism
B. because domestic consumers outnumber domestic producer’s policy markers usually enact Free-trade policies to satisfy the consumer majority:
C. When domestic exporting companies are organized, policy tends to favor freer trade
D. Policy tends to favor freer trade in countries whose imports are inputs into critical industries
With free trade the total value of imports would equal ?
A. $100,000 units
B. $400,000 units
C. $600,000 units
D. $800,000 units
A. Progressive and thus bear down on the wealthy
B. regressive and thus bear down on the poor
C. proportional and thus bear down on all consumers in the same manner
D. deflationary and thus result in reductions in the price of imports
A. be less than 12 percent and can be negative
B. be less than 12 percent but must be greater than zero
C. equal 6 percent
D. exceed 30 percent
A. specific tariff
B. ad valorem tariff
C. compound tariff
D. effective tariff
A. 5 percent
B. 10 percent
C. 15 percent
D. 20 percent