普格尔《国际贸易（第17版）》 英文题库Pugel17e_Chapter10_TB_AnswerKey.docxVIP

PAGE 23 Copyright 2020 ? McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. International Economics, 17e (Pugel) Chapter 10 Arguments for and against Protection 1) Which of the following is an expected effect of a tariff or a nontariff barrier (NTB) on a product? A) A decrease in the domestic production of the product B) An increase in the employment of labor and other resources used in the import-competing industry in the tariff-imposing country C) An increase in domestic consumption of the imported product D) A decrease in government revenue Answer: B Difficulty: 1 Easy Topic: The Ideal World of First Best Blooms: Remember AACSB: Reflective Thinking Accessibility: Keyboard Navigation 2) If there is something extra bad about local consumption of a product, then a tariff can be good for the country because A) the tariff makes all residents richer. B) the tariff brings down the domestic price of the product. C) the tariff leads to higher domestic price for the product. D) the tariff revenue is invested in the production of substitute products. Answer: C Difficulty: 1 Easy Topic: The Ideal World of First Best Blooms: Remember AACSB: Reflective Thinking Accessibility: Keyboard Navigation 3) In a first-best world A) each economy is self-sufficient enough not to indulge in free trade. B) free trade is economically efficient. C) free trade benefits only the consumers of the importing country. D) free trade benefits only the exporting nations. Answer: B Difficulty: 1 Easy Topic: The Ideal World of First Best Blooms: Remember AACSB: Reflective Thinking Accessibility: Keyboard Navigation 4) Which of the following is valid for a first-best world? A) Social Marginal Benefit (SMB) Price (P) = Buyers Private Marginal Benefit (MB) = Sellers Private Marginal Cost (MC) = Social Marginal Cost (SMC) B) Social Marginal Cost (SMC) Price (P) = Buyers Private Marginal Benefit (M