题目内容

Suppose that the production of $500,000 worth of steel in the United States requires $100,000 worth of iron ore. The U.S. nominal tariff rates for importing these goods are 15 percent for steel and 5 percent for iron ore. Given this information, the effective rate of protection for the U.S. steel industry is approximately:

A. 6 percent
B. 12 percent
C. 18 percent
D. 24 percent

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Suppose that the production of a $30,000 automobile in Canada requires $10,000 worth of steel. The Canadian nominal tariff rates for importing these goods are 25 percent for automonbiles and 10 percent for steel. Given this information, the effective rate of protection for the Canadian automobile industry is approximately:

A. 15 percent
B. 32 percent
C. 48 percent
D. 67 percent

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Suppose an importer of steel is required to pay a tariff of $20 per ton plus 5 percent of the value of steel. This is an example of a (an):

A. Specific tariff
B. Ad valorem tariff
Compound tariff
D. Tariff quota

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A compound tariff is a combination of a (an):

A. Tariff quota and a two-tier tariff
B. Revenue tariff and a protective tariff
C. Import tariff and an export tariff
D. Specific tariff and an ad valorem tariff

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If the domestic value added before an import tariff for a product is $500 and the domestic value added after the tariff is $550, the effective rate of protetion is:

A. 5 percent
B. 8 percent
C. 10 percent
D. 15 percent

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A. 6 percent B. 12 percent C. 18 percent D. 24 percent

Suppose an importer of steel is required to pay a tariff of $20 per ton plus 5 percent of the value of steel. This is an example of a (an):

A compound tariff is a combination of a (an):

If the domestic value added before an import tariff for a product is $500 and the domestic value added after the tariff is $550, the effective rate of protetion is:

A. 6 percent
B. 12 percent
C. 18 percent
D. 24 percent