1.
With free trade the total value of imports would equal ?

2.
Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are ?

3.
Concerning a government’s trade policy, all the following generally apply except ?

4.
Suppose that the nominal tariff rate on finished computers is 12 percent and that the weighted average of the nominal tariff rates on the inputs used in producing computers is 18 percent. Thus, the effective rate of protection for the computer industry must ?

5.
Suppose that Pakistan imposes a tariff on ballpoint pens of 25 rupees per pen plus 12 percent of the pen’s value, this is an example of a (an) ?

6.
If the world price of steel is $500 a ton a specific tariff $50 is equivalent to an ad valorem tariff of______________?

7.
In today’s world, most countries impose tariffs ?

8.
Domestic producers gain ________ because on the tariff?

9.
With the tariff the government collects?

10.
Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff rate equals ?

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