• 2022-06-06
    A tariff can increase the welfare of a ''large'' levying country if the favorable terms-of- trade effect more than offsets the unfavorable protective effect and consumption effect.
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      By joining NAFTA, the United States, Canada, and Mexico would find their short-run welfare decreasing due to the: A: Economies of scale effect B: Business investment effect C: Trade creation effect D: Trade diversion effect

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      The( ) of the negotiations was more favorable than anyone had expected. A: consequence B: Result C: effect D: outcome

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      Government procurement liberalization permits a country to realize cost savings resulting from the trade effect, competition effect, and economies-of-effect.

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      If Slovenia were a large country in world trade, then if it instituted a large set of subsidies for its exports, this must A: have no effect on its terms of trade. B: harm world terms of trade. C: harm its terms of trade. D: decrease its marginal propensity to consume.

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      <p>The() of the negotiations was more favorable than anyone had expected.</p> A: effect B: outcome C: Result D: consequence