题目内容
If a "small" county levies a tariff on an imported good, its overall welfare increases if the monetary value of the tariff's consumption effect plus protective effect is less than the monetary value of the terms-of-trade effect.
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A tariff on steel imports tends to improve the conpetitiveness of domestic automobile companies.
If a tariff reduces the quantity of Japanese autos imported by the United States, over time it reduces the ability of Japan to import goods from the United States.
A compound tariff permits a specified amount of goods to be imported at one tariff rate while any imports above this amount are subjected to a higher tariff rate.
A tariff can be thought of as a tax on imported goods.
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