简答题A tariff on a product A、is a direct quantitative restriction on the amount of a good that can be imported B、increases the domestic quantity supplied C、increases domestic consumer surplus D、All of the above are correct简答题When a government imposes a tariff on a product, the domestic price will equal the world price.简答题When a country that imports a particular good imposes a tariff on that good, A、producer surplus increases and total surplus increases in the market for that good B、producer surplus increases and total surplus decreases in the market for that good C、producer surplus decreases and total surplus increases in the market for that good D、producer surplus decreases and total surplus decreases in the market for that good简答题If a small country imposes a tariff on an imported good, domestic sellers will gain producer surplus, the government will gain tariff revenue, and domestic consumers will gain consumer surplus.简答题With which of the Ten Principles of Economics is the study of international trade most closely connected? A、People face tradeoffs. B、Trade can make everyone better off. C、Governments can sometimes improve market outcomes. D、Prices rise when the government prints too much money.简答题A tariff increases the quantity of imports and moves the market farther from its equilibrium without trade.简答题Trade among nations is ultimately based on A、absolute advantage. B、strategic advantage. C、comparative advantage. D、technical advantage.简答题Which of the following is not a commonly-advanced argument for trade restrictions? A、the jobs argument B、the national-security argument C、the infant-industry argument D、the efficiency argument简答题The two basic approaches that a country can take as a means to achieve free trade are the A、unilateral approach and the multilateral approach B、short-run approach and the long-run approach C、continental approach and the global approach D、industry approach and the security approach简答题When a country that imported a particular good abandons a free-trade policy and adopts a no-trade policy, A、producer surplus increases and total surplus increases in the market for that good B、producer surplus increases and total surplus decreases in the market for that good C、producer surplus decreases and total surplus increases in the market for that good D、producer surplus decreases and total surplus decreases in the market for that good简答题Assume, for Vietnam, that the domestic price of textiles without international trade is higher than the world price of textiles. This suggests that, in the production of textiles, A、Vietnam has a comparative advantage over other countries and Vietnam will import textiles. B、Vietnam has a comparative advantage over other countries and Vietnam will export textiles. C、other countries have a comparative advantage over Vietnam and Vietnam will import textiles. D、other countries have a comparative advantage over Vietnam and Vietnam will export textiles.简答题Which of the following tools and concepts is useful in the analysis of international trade? A、total surplus B、domestic supply C、equilibrium price D、All of the above are correct.简答题Suppose Iceland goes from being an isolated country to being an exporter of coats. As a result, A、consumer surplus increases for consumers of coats in Iceland B、producer surplus increases for producers of coats in Iceland C、total surplus remains unchanged in the coat market in Iceland D、it is reasonable to infer that other countries have a comparative advantage over Iceland in coat production简答题The price of a good that prevails in a world market is called the A、absolute price. B、relative price. C、comparative price. D、world price.简答题Patterns of trade among nations are primarily determined by A、cultural considerations. B、political considerations. C、comparative advantage D、differences in the income elasticity of demand among nations.简答题A country has a comparative advantage in a product if the world price is A、lower than that country’s domestic price without trade. B、higher than that country’s domestic price without trade. C、equal to that country’s domestic price without trade. D、not subject to manipulation by organizations that govern international trade.简答题Workers displaced by trade eventually find jobs in A、another country B、the government sector C、the industries in which the country has a comparative advantage D、a different company in the same industry简答题Suppose Japan exports televisions to the United States and imports sugar from Argentina. This situation suggests A、Japan has a comparative advantage relative to the United States in producing televisions, and Argentina has a comparative advantage relative to Japan in producing sugar B、Japan has a comparative advantage relative to the United States in producing sugar, and Argentina has a comparative advantage relative to Japan in producing televisions C、Japan has an absolute advantage relative to the United States in producing televisions, and Argentina has an absolute advantage relative to Japan in producing sugar D、Japan has an absolute advantage relative to Argentina in producing sugar, and the United States has an absolute advantage relative to Japan in producing televisions简答题When a country that exported a particular good abandons a free-trade policy and adopts a no-trade policy, A、consumer surplus increases and total surplus increases in the market for that good B、consumer surplus increases and total surplus decreases in the market for that good C、consumer surplus decreases and total surplus increases in the market for that good D、consumer surplus decreases and total surplus decreases in the market for that good简答题Economists feel that national security concerns never provide a legitimate rationale for trade restrictions.