Question 1 of 6 1 Points If an importing country wants to counteract a subsidy paid by the exporting country, it will use the following type of tariff: O A. Anti-dumping tariff O B. Countervailing Duty O C. Preferential Duty O D. Specific Duty Reset Selection Question 2 of 6 1 Points The free trade price of Shoes is $25 while the autarky price in a SMALL country is $50. This country produces 10 million shoes and consumes 20 million shoes in free trade. A tariff of $10 increased the production of shoes to 12 million units and consumption decreased to 18 million units. The net welfare effect of this policy is O A. -$30 million O B. -$60 million O C. -$20 million OD. -$10 million Reset SelectionQuestion 3 of 6 1 Points Agricultural Manufactured Mining goods Goods Goods Services Tariff Rates 20% 40% 10% 10% Imports $40 million $100 million $40 million $20 million The above table gives the nominal tariff rates for imports in a country for four types of imports. The simple unweighted average tariff rate is and the trade weighted tariff rate is O A. 20%; 23% O B. 20%; 27% O C. 27%; 20% O D. 23%; 20% Reset Selection Question 4 of 6 1 Points The free trade price of Shoes is $25 while the autarky price in a SMALL country is $50. This country produces 10 million shoes and consumes 20 million shoes in free trade. A tariff of $10 increased the production of shoes to 12 million units and consumption decreased to 18 million units. The change in consumer surplus in this country with this policy is O A. -$100 million O B. -$150 million O C. -$190 million D. -$110 million Reset SelectionQuestion 5 of 6 1 Points A country has a tariff of 50% on Personal Computers and a tariff of 20% on computer parts. Computers cost $600 and the computer parts to make a computer cost $300. What is the effective rate of protection? O A. 125% O B. 44.44% O C. 80% O D. 35% Reset Selection Question 6 of 6 1 Points The free trade price of Shoes is $25 while the autarky price in a SMALL country is $50. This country produces 10 million shoes and consumes 20 million shoes in free trade. A tariff of $10 increased the production of shoes to 12 million units and consumption decreased to 18 million units. The change in producer surplus in this country with this policy is O A. $110 million O B. $-190 million O C. +$190 million O D. +$160 million Reset Selection