Assume the United States adopts a tariff quota on steel in which the quota is set at 2 million tons, the within-quota tariff rate equals 5 percent, and the over-quota tariff rate equals 10 percent. Suppose the U.S. imports 1 million tons of steel. The resulting revenue effect of the tariff quota would accrue to:（ ）
A: The U.S. government only
B: U.S. importing companies only
C: Foreign exporting companies only
D: The U.S. government and either U.S. importers or foreign exporters
A: The U.S. government only
B: U.S. importing companies only
C: Foreign exporting companies only
D: The U.S. government and either U.S. importers or foreign exporters
举一反三
- Suppose that the United States eliminates its tariff on steel imports, permitting foreign-produced steel to enter the U.S. market. Steel prices to U.S. consumers would be expected to: A: Increase, and the foreign demand for U.S. exports would increase B: Decrease, and the foreign demand for U.S. exports would increase C: Increase, and the foreign demand for U.S. exports would decrease D: Decrease, and the foreign demand for U.S. exports would decrease
- Which trade policy results in the government levying a "two-tier" tariff on imported goods? A: Tariff quota B: Nominal tariff C: Effective tariff D: Revenue tariff
- Suppose the Indian government decides to protect domestic chocolate makers from foreign producers. Is it better off imposing a tariff or a quota?
- A voluntary export agreement A: Typically applies only to the world's most important exporting nation(s) B: Typically applies only to the world's least important exporting nation (s) C: Is always more restrictive on trade than a tariff or import quota D: All of the above
- Under the Offshore Assembly Provision of U.S. tariff policy, U.S. import duties apply only to the value added in the foreign assembly process, provided that U.S.-made components are used by overseas companies in their assembly operations.