【单选题】The imposition of a tariff on imported steel for the home country results in:
A.
Improving terms of trade and rising volume of trade
B.
Higher steel prices and falling steel consumption
C.
Lower profits for domestic steel companies
D.
Higher unemployment for domestic steel workers
【单选题】The imposition of an import tariff by a nation results in:
A.
an increase in relative price of the nation’s import commodity
B.
an increase in the nation’s production of its importable commodity
C.
reduces the real return of the nation’s abundant factor
【单选题】Which trade policy results in the government levying a "two-tier" tariff on imported goods?
【单选题】When a government allows raw materials and other intermediate products to enter a country duty free, its tariff policy generally results in a (an):
A.
Effective tariff rate less than the nominal tariff rate
B.
Nominal tariff rate less than the effective tariff rate
C.
Rise in both nominal and effective tariff rates
D.
Fall in both nominal and effective tariff rates