Under free trade suppose that Japan can supply radios t mexico at the price of $45 Therefore, Mexico’s imports equal ?

The theory of suggests that government can assist domestic companies in capturing economic profits from foreign competitors ?

A. international dumping

B. countervailing duties

C. Strategic trade policy

D. export promotion policy

The effect of the most favored nation (normal trade relations) clause is to ?

A. eliminate all tariffs between countries

B. increase all tariffs between countries

C. maintain a nondiscriminatory structure of tariffs

D. maintain a discriminatory structure of tariffs

The result of antidumping tariffs is to ?

A. increase consumer surplus in the importing country

B. decrease producer surplus in the importing country

C. impose a price floor on foreign prices in the importing country

D. impose a price ceiling on foreign price in the importing country

Concerning dumping, which of the following is true ?

A. predatory dumping represents the most common form of dumping by U.S firms

B. U.S firms can obtain protection from foreign dumping, even though this protection tends to harm overall U.S welfare

C. dumping can never be a profit-maximizing strategy for U.S firms to pursue

D. U.S firms rarely if ever, engage in distress dumping or persistent dumping

________ protection such as the escape clause, provide temporary protection to domestic industries facing competition from fairly traded foreign goods?

A. generalized system of preference

B. countervailing duty

C. domestic content

D. safeguards