1、1. Theimpositionofatariffonimportedsteelforthehomecountryresultsin: a. Improvingtermsoftradeandrisingvolumeoftrade b. Highersteelpricesandfallingsteelconsumption c. Lowerprofitsfordomesticsteelcompanies d. HigherunemploymentfordomesticsteelworkersANSWER: bPOINTS:
3、ingreferstoamarket-sharingpactnegotiatedbytradingpartnerstomoderatetheintensityofinternationalcompetition? a. Orderlymarketingagreement b. Localcontentrequirements c. Importquota d. TriggerpricemechanismANSWER: aPOINTS: 1DIFFICULTY: EasyNATIONAL STANDARDS: Unite
5、Japanimposesanexportquotaonitsautomakers.Thelargestshareoftheexportquota's"revenueeffect"wouldtendtobecapturedby: a. TheU.S.government b. Japaneseautomakers c. Americanautoconsumers d. AmericanautoworkersANSWER: bPOINTS: 1DIFFICULTY: EasyNATIONAL STANDARDS: Unit
7、mpetinggood.Thesubsidytendstoresultindeadweightlossesforthedomesticeconomyintheformofthe: a. Consumptioneffect b. Redistributioneffect c. Revenueeffect d. ProtectiveeffectANSWER: dPOINTS: 1DIFFICULTY: ModerateNATIONAL STANDARDS: UnitedStates-BPROG:ReflectiveThin