Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password

Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Arnold Economics 30 Test

Enter the letter for the matching Answer
incorrect
1.
A ____ is a limit on the quantity of a good allowed to imported into a country.
incorrect
2.
Net gains from exchange to the consumer.
incorrect
3.
Who in the domestic country gains from the imposition of an import tariff?
incorrect
4.
Name of the international trade organization whose objective is to promote trade.
incorrect
5.
Who in the domestic country losses from the imposition of an import tariff?
incorrect
6.
A ____ is tax on imports.
A.
Domestic consumers
B.
Quota
C.
Tariff
D.
Domestic sellers and the Domestic government (taxpayers)
E.
World Trade Organization (WTO)
F.
Consumer Surplus
Type the Answer that corresponds to the displayed Question.
incorrect
7.
True or False: An import tariff results in a net gain to the economy.
incorrect
8.
___ means that the economic party is the low cost producer of a good.
incorrect
9.
_____ is the sale of a good below its production cost or below its price in its country of origin.
incorrect
10.
Net gains from exchange to the producer.
incorrect
11.
Maximum price the buyer is willing to pay - the price the buyer actually pays.
incorrect
12.
The price the seller actually receives - the minimum price the seller is willing to accept.

edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how
Created by: bscollier
Popular Economics sets