Economics MCQs

A. $160,000
B. $420,000
C. $540,000
D. $660,000

A. 1,600 computers, decrease, increase
B. 1,600 computers, increase, decrease
C. 1,200 computers, decrease, increase
D. 1,200 computers, increase, decrease

A. Help more than they hurt
B. Hurt more then they help
C. Are equivalent to an import quota
D. Are equivalent to an export quota

A. More elastic in japan, more substitutes are available from other nations
B. More elastic in japan, fewer substitutes are available from other; nations
C. More inelastic in japan; more substitutes are available from other; nations
D. More inelastic in japan; fewer substitutes are available from other nations

A. 20 calculators increase
B. 25 calculators decrease
C. 25 calculators increase
D. 30 calculators increase

A. 200, $2,000, 100 $1,000
B. 300, $1,800, 800 $800
C. 300, $1,800, 400 $800
D. 500, $1,400, 400 $800

A. The within-quota tariff rate exceeds the over-quota tariff rate
B. The over-quota tariff rate exceeds the with-quota tariff rate
C. The within-quota tariff rate equals the over-quota tariff rate
D. The within-quota tariff rate plus over-quota tariff rate equal 100 percent

A. Domestic content laws
B. Government procurement policies
C. Health, safety, and environmental standards
D. Antidumping/countervailing duties applied to imports

A. Two tier tariff applied to a country’s imports
B. Three-tier tariff applied to a country’s imports
C. Two tier quota applied to a county’s exports
D. Three tier quota applied to a country’s exports

A. Predatory dumping
B. Sporadic dumping
C. Persistent dumping
D. Year end dumping