It is generally easier for a firm to get _______________ than _______________; therefore, many more of the former are in place than the latter.
a. import quotas; tariffs
b. safeguard tariffs; antidumping duties
c. subsidies; tariffs
d. antidumping and countervailing duties; safeguard tariffs
Ans: d. antidumping and countervailing duties; safeguard tariffs
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Which of the following is an example of a "metering" strategy
a. A supermarket offers free parking space but charges higher for grocery b. A television reseller spends time making sure that the picture quality of the bargain priced sets is fuzzy c. Razors are sold at unit cost while razor blades have large profit margins d. All of the above
Discretionary expenditures
What will be an ideal response?
A government protection for an inventor that provides the inventor with the right to make use of her invention in any way she desires is
A. a trademark. B. a copyright. C. an innovation. D. a patent.
Quotas are costly to consumers because
A. import competition increases for domestic goods. B. the supply of the imported good increases. C. consumers have to pay higher-prices. D. the price of the imported good falls.