Question : 81) Refer to Figure 19-5. With the tariff in place, : 1244929

 

 

81) Refer to Figure 19-5. With the tariff in place, the United States produces

A) 18 million pounds of coffee.

B) 20 million pounds of coffee.

C) 26 million pounds of coffee.

D) 38 million pounds of coffee.

 

82) Refer to Figure 19-5. With the tariff in place, the United States

A) imports 20 million pounds of coffee.

B) imports 12 million pounds of coffee.

C) imports 18 million pounds of coffee.

D) exports 38 million pounds of coffee.

 

83) Refer to Figure 19-5. As a result of the tariff, domestic producers increase their quantity supplied by

A) 6 million pounds of coffee.

B) 18 million pounds of coffee.

C) 26 million pounds or coffee.

D) 38 million pounds of coffee.

 

84) Refer to Figure 19-5. The increase in domestic producer surplus as a result of the tariff is equal to

A) $11.25 million.

B) $18 million.

C) $32.5 million.

D) $45 million.

 

85) Refer to Figure 19-5. The tariff causes domestic consumption of coffee

A) to fall by 27 million pounds.

B) to fall by 7 million pounds.

C) to rise by 6 million pounds.

D) to rise by 20 million pounds.

 

86) Refer to Figure 19-5. The loss in domestic consumer surplus as a result of the tariff is equal to

A) $5 million.

B) $19.875 million.

C) $24.875 million.

D) $31.125 million.

 

87) Refer to Figure 19-5. If the tariff was replaced by a quota which limited coffee imports to 20 million pounds, the amount of revenue received by coffee importers would equal

A) $5 million.

B) $15 million.

C) $50 million.

D) $78 million.

 

88) A voluntary export restraint is an agreement negotiated by two countries that places ________ that can be imported by one country from another country.

A) a tax on goods

B) a minimum quantity of a good

C) quality standards on goods

D) a numerical limit on the quantity of a good

 

89) In the 1980s Japan agreed to limit the quantity of automobiles it would export to the United States. Why did the Japanese government agree to this trade restriction?

A) Japanese automobile producers lobbied for the restrictions in order to increase the price of their exports to the United States.

B) The Japanese government wanted to limit sales to the United States in order to make more automobiles available for Japanese consumers.

C) The Japanese government feared that the alternative would be a tariff or quota on imports of Japanese automobiles imposed by the U.S. government.

D) The Japanese government wanted more automobiles to be available for export to countries other than the United States.

 

90)  Which of the following is the best example of a tariff?

A) a limit imposed on the number of sports utility vehicles that the United States can import from Japan

B) a subsidy granted by the U.S. government to domestic garment manufacturers so they can compete more effectively with foreign garment manufacturers

C) a tax placed on all sports utility vehicles sold in the domestic market

D) a $5,000 per-car fee imposed on all sports utility vehicles imported into the United States

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more