The increase in the domestic production of a commodity due to imposition of a tariff is

Related MCQs

• An increase in domestic production of goods due to imposition of import quota is called
• imposition of a tariff improves the terms of trade of the imposing country but reduces its
• Once import quota is levied on a commodity, the domestic price of the commodity
• The positive effect of a tariff is, when there is an increase in the welfare of a country due to
• Under the effects of a tariff under partial equilibrium analysis, the revenue effect is the change in government receipts due to
• The quota system in which domestic producers of a quota fixing country are required to make use of both domestic raw materials and a specified proportion of imported raw materials to produce a product
• The tariff that maximizes a country’s welfare is called the
• On the basis of origin and destination of goods, tariff may be classified into
• The tariff rates which are based on trade agreements or treaties with other countries is known as
• A tariff results in an improvement in terms of trade on one hand and on the other hand, increases the