The home-country government can confiscate the revenue effect of an import quota if

Related MCQs

• A(n) __________ is an example of a quota where foreigners hold quota licenses.
• __________ are profits that accrue to whomever has the right to import the good that is restricted by the quota.
• Compared to an import quota, an equivalent tariff may provide a less certain amount of protection for home producers since:
• Suppose the government grants a subsidy to domestic producers of an import-competing good. The subsidy tends to result in deadweight losses for the domestic economy in the form of the:
• The welfare effects of a quota depend to a considerable extent upon
• Governments around the world tend to auction quota licenses
• A tariff-rate quota is essentially a
• Suppose the government grants a subsidy to its export firms that permits them to charge lower prices on goods sold abroad. The export revenue of these firms would rise if the foreign demand is:
• The curve that shows howmuch of its import commodity a nation requires in exchange for various quantities of its export commodity is
• According to HO Model, India should import ______ abundant goods