BUSHMR 2000 Exam 2 Questions and Answers 2024 graded A
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Course
BUSHMR
Institution
BUSHMR
In order to encourage the agricultural industry, the French government provided low-interest loans for the purchase of seeds and fertilizers. The government also gave cash grants and made tax reductions. Which instrument of trade policy is being used by the French government?
tariffs
voluntary ...
BUSHMR 2000 Exam 2 Questions and
Answers 2024 graded A
In order to encourage the agricultural industry, the French government provided
low-interest loans for the purchase of seeds and fertilizers. The government also
gave cash grants and made tax reductions. Which instrument of trade policy is
being used by the French government?
Italy has a direct restriction on the amount of metal products that may be imported
into the country. Which instrument of trade policy does this reflect?
It created more jobs domestically and abroad.
It decreased the overall wage rate.
It boosted job rates around the world.
It did not have any effect on employment.
It had a damaging effect on employment abroad. - answer-✔It had a damaging
effect on employment abroad.
________ is variously defined as selling goods in a foreign market at below their
costs of production or as selling goods in a foreign market at below their "fair"
market value.
A tax of 32 cents is levied for each pair of eyeglasses imported into a nation. This
is an example of a(n)
,quota rent.
specific tariff.
ad valorem tariff.
import quota.
local content requirement. - answer-✔specific tariff.
High tariff barriers and subsidies in the agricultural industry ultimately lead to
the lack of overproduction of products.
an increased volume of agricultural trade.
increased prices for consumers.
stronger competition from foreign suppliers.
lower overall prices for the end-user. - answer-✔increased prices for consumers.
A tariff rate quota provides a lower tariff rate to
all imports in a specific industry.
imports within the quota.
only domestic producers.
agricultural products.
imports that are over the quota. - answer-✔imports within the quota.
A foreign government was not enforcing its intellectual property rights, which
resulted in massive copyright infringements. In turn, this was costing U.S.
companies millions of dollars in lost sales revenues. To force the country to play
, by the rules, the United States threatened to impose trade sanctions on a range of
imports from the country's businesses. The underlying motive for intervention by
the U.S government was
to protect national security.
to further support foreign policy objectives.
retaliation.
to increase the trade surplus of the United States.
to protect human rights. - answer-✔retaliation
An implication of trade barriers for business practice is that they
reduce the cost of importing products to a country.
put a foreign firm at a competitive advantage to indigenous competitors in that
country.
allow for efficient allocation of production functions.
limit a firm's ability to serve a country from locations outside of that country.
encourage governments to engage in foreign direct investment. - answer-✔limit a
firm's ability to serve a country from locations outside of that country.
Foreign producers agree to ________ imposed by an exporting country because
they fear more damaging punitive tariffs or import quotas might follow if they do
not.
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