10/22/25, 6:13 AM BADM 318 quiz 7 Dr. Chen Questions and Answers 100% Correct Flashcards | Quizlet
BADM 318 quiz 7 Dr. Chen Questions and Answers
100% Correct
Save
Terms in this set (41)
refers to a situation where a government does not
attempt to restrict what its citizens can buy from
free trade
another country or what they can sell to another
country
tariffs, subsidies, import 7 main instruments of trade policy
quotas, voluntary export
restraints, local content
requirements, antidumping
policies, and
administrative policies
a tax levied on imports (or exports) that effectively
tariff raises the cost of imported (or exported) products
relative to domestic products
levied as a fixed charge for each unit of a good
specific tariffs
imported
levied as a proportion of the value of the imported
ad valorem tariffs
good
1/8
, 10/22/25, 6:13 AM BADM 318 quiz 7 Dr. Chen Questions and Answers 100% Correct Flashcards | Quizlet
The government gains, who suffers and who gains over a tariff?
because the tariff
increases government
revenues. Domestic
producers gain because
the tariff affords them
some protection against
foreign competitors by
increasing the cost of
imported foreign goods.
Consumers lose since they
must pay more for certain
imports.
pro-producer and anti- tariffs are unambiguously ______ and ___ , and tariffs
consumer, reduce _ __ the overall efficiency of the world economy
subsidy a government payment to a domestic producer
_ ________, subsidies help domestic producers
compete against low-cost foreign imports and gain
export markets. However, many subsidies are not that
by lowering costs
successful at increasing the international
competitiveness of domestic producers. Moreover,
consumers typically absorb the costs of subsidies.
is a direct restriction on the quantity of some good
import quota
that may be imported into a country
is a hybrid of a quota and a tariff where a lower tariff is
tariff rate quota applied to imports within the quota than to those over
the quota
is a quota on trade imposed by the exporting country,
voluntary export restraint typically at the request of the importing country's
government
While import quotas and voluntary export restraints
they raise the prices of
benefit domestic producers by limiting import
imported goods
competition,
2/8
BADM 318 quiz 7 Dr. Chen Questions and Answers
100% Correct
Save
Terms in this set (41)
refers to a situation where a government does not
attempt to restrict what its citizens can buy from
free trade
another country or what they can sell to another
country
tariffs, subsidies, import 7 main instruments of trade policy
quotas, voluntary export
restraints, local content
requirements, antidumping
policies, and
administrative policies
a tax levied on imports (or exports) that effectively
tariff raises the cost of imported (or exported) products
relative to domestic products
levied as a fixed charge for each unit of a good
specific tariffs
imported
levied as a proportion of the value of the imported
ad valorem tariffs
good
1/8
, 10/22/25, 6:13 AM BADM 318 quiz 7 Dr. Chen Questions and Answers 100% Correct Flashcards | Quizlet
The government gains, who suffers and who gains over a tariff?
because the tariff
increases government
revenues. Domestic
producers gain because
the tariff affords them
some protection against
foreign competitors by
increasing the cost of
imported foreign goods.
Consumers lose since they
must pay more for certain
imports.
pro-producer and anti- tariffs are unambiguously ______ and ___ , and tariffs
consumer, reduce _ __ the overall efficiency of the world economy
subsidy a government payment to a domestic producer
_ ________, subsidies help domestic producers
compete against low-cost foreign imports and gain
export markets. However, many subsidies are not that
by lowering costs
successful at increasing the international
competitiveness of domestic producers. Moreover,
consumers typically absorb the costs of subsidies.
is a direct restriction on the quantity of some good
import quota
that may be imported into a country
is a hybrid of a quota and a tariff where a lower tariff is
tariff rate quota applied to imports within the quota than to those over
the quota
is a quota on trade imposed by the exporting country,
voluntary export restraint typically at the request of the importing country's
government
While import quotas and voluntary export restraints
they raise the prices of
benefit domestic producers by limiting import
imported goods
competition,
2/8
