Chapter 20 & 21

1. Which of the following trade barriers is most likely to increase revenues collected by the government of the country imposing thebarrier?

A. Tariffs

B. Quotas

C. Export restrictions

D. Subsidies

E. None of the above

2 . Which of the following trade barriers is most likely to increase the price paid by consumers in the market subjected to the trade barrier?

A. Tariffs

B. Quotas

C. Export restrictions

D. Subsidies

E. All of the above

3 . An advocate for trade barriers would most likely support this positionby arguing that trade barriers

A. cause increases in unemployment.

B. lower prices for domestic consumers.

C. protect domestic industries and jobs.

D. limit the variety of goods and services available domestically.

E. lead to increased economic growth.

4 . An advocate for free trade would most likely support this position by arguing that trade barriers

a.cause increases in unemployment.

b.raise prices for domestic consumers.

c.protectdomestic industries and jobs.

d.weakeninfantindustries.

e.lead to increased economic growth.