國際貿易

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1.

A small open economy imposes a tariff on imported good X. If the local supply of good X in the economy increases and replaces some of the imports,

(1)government revenue from the tariff will fall.
(2)the deadweight loss will remain unchanged.
(3)the price of good X in the economy will fall.
(4)the producer surplus of the local suppliers will rise.
2.

If a small country reduces the tariff rate of its imported good X,

3.

Suppose a country imposes a quota on an imported good. The diagram below shows the country's supply of and demand for the good.

Question figure

If the quota raises the domestic price of the good from Pw to P1,

4.

An export subsidy will

(1)reduce the price of exports of the domestic country.
(2)increase the quantity demanded for exports by foreign consumers.
(3)improve the trade balance of the domestic country.
5.

Consider a small open economy with an import quota imposed on a good. If the domestic cost of production for the good increases,

(1)the domestic price of the good will rise.
(2)the quantity of the good consumed domestically will fall.
(3)the quantity of the good produced domestically will remain unchanged.
6.

Consider a country imposing a quota on an import. The diagram below shows the country's supply of and demand for the good.

Question figure

If the quota raises the domestic price of the good from Pw to Pw',

7.
Question figure

A country imposes a tariff on good X. Which of the following will be a result of the tariff?

8.

A small country imposes tariffs on good X. Suppose the demand of the country for good X increases,

(1)the government revenues from tariffs will increase.
(2)the price of good X in the country will rise.
(3)the consumption of good X in the country will increase.
9.
Question figure

Given that the world price of good X is fixed, if country A's marginal cost of production of good X increases, which of the following statements are correct?

(1)The total production of good X in country A will fall.
(2)The quantity of good X imported by country A will increase.
(3)The consumer surplus of good X in country A will fall.
10.

A major difference between a quota and a tariff on imports lies in their effects on

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