QUESTION 1 1 points ve Am Mexico has imposed a tariff on the importation of chocolate. As a consequence of the tariff a

[answerhappygod]

Question 1 1 Points Ve Am Mexico Has Imposed A Tariff On The Importation Of Chocolate As A Consequence Of The Tariff A 1 (33.87 KiB) Viewed 63 times

Question 1 1 Points Ve Am Mexico Has Imposed A Tariff On The Importation Of Chocolate As A Consequence Of The Tariff A 2 (27.3 KiB) Viewed 63 times

Question 1 1 Points Ve Am Mexico Has Imposed A Tariff On The Importation Of Chocolate As A Consequence Of The Tariff A 3 (23.78 KiB) Viewed 63 times

QUESTION 1 1 points ve Am Mexico has imposed a tariff on the importation of chocolate. As a consequence of the tariff a Mexico as a whole is worse off, since producer surplus and consumer surplus both decrease b. Mexico as a whole is worse off, since the increase in producer surplus is smaller than the drop in consumer surplus plus tarif revenues. O Mexico as a whole is better off, since the tarif results in tax revenue for the Mexican government. d. Mexico as a whole is better off, since the tariff increases employment and production in the domestic chocolate industry 1 points Save A QUESTION 2 "Owners of firms in young industries should be willing to incur temporary losses if they believe that those firms will be profitable in the long run." This observation helps to explain why many economists are skeptical about the unfair competition argument. ob jobs argument O Infant-industry argument d. national security argument. QUESTION 3
QUESTION 3 A country has a comparative advantage in a product if the world price is a. lower than that country's domestic price without trade. b.equal to that country's domestic price without trade. O c. higher than that country's domestic price without trade d. not subject to manipulation by organizations that govern international trade QUESTION 4 A tariff a keeps the domestic price of the exported good thsame as the world price, b. raises the domestic price of the imported good above the world price. O c. lowers the domestic price of the exported good below the world price. d. lowers the domestic price of the imported good below the world price,
QUESTIONS A tariff on a product a. is a direct quantitative restriction on the amount of a good that can be imported. b. increases the domestic quantity supplied. O cincreases domestic consumer surplus. d. All of the above are correct. QUESTION 6 About what percent of total world trade is accounted for by countries that belong to the World Trade Organization? O a. 54 percent Ob.97 percent O c. 72 percent d. 89 percent