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:

Related MCQs

• Because export subsidies tend to result in domestic exporters charging lower prices on their goods sold overseas, the home country’s:
• 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:
• A sudden shift from import tariffs to free trade may induce short-term unemployment in:
• A sudden shift from import tariffs to free trade may induce short-term unemployment in:
• Domestic content legislation applied to autos would tend to:
• Approximately what percent of US imports occur through transactions conducted by a multinational corporation?
• Within the circular flow of income, an increase in domestic income will tend to increase
• Unlike the balance of payments, the balance of international indebtedness indicates the international:
• The records of exports and imports in goods and services and transfer payments is known as
• The trade theory that states that nations should accumulate financial wealth, usually in the form of gold, by encouraging exports and discouraging imports is called