Governments around the world tend to auction quota licenses

Related MCQs

• A(n) __________ is an example of a quota where foreigners hold quota licenses.
• The welfare effects of a quota depend to a considerable extent upon
• __________ are profits that accrue to whomever has the right to import the good that is restricted by the quota.
• The home-country government can confiscate the revenue effect of an import quota if
• A tariff-rate quota is essentially a
• Compared to an import quota, an equivalent tariff may provide a less certain amount of protection for home producers since:
• The main reason(s) why governments sometimes chose to devalue their currencies is (are):
• Increased foreign competition tend to
• Tariffs and quotas on imports tend to involve larger sacrifices in national welfare than would occur under domestic subsidies. This is because, unlike domestic subsidies, import tariffs and quotas:
• Because export subsidies tend to result in domestic exporters charging lower prices on their goods sold overseas, the home country’s: