Question 1

If France limits the showing of U.S. produced television shows to 2 hours per day

Accepted Answer

A) this is the same as a quota. 
B) this is the same as a tariff. 
C) this make U.S. producers of television wealthier that they would otherwise be. 
D) economists would not call this a limit on trade since it is a service. 
A) this is the same as a quota. 
B) this is the same as a tariff. 
C) this make U.S. producers of television wealthier that they would otherwise be. 
D) economists would not call this a limit on trade since it is a service.

Question 2

Imports of Japanese passenger vehicles into the U.S. tend to

Accepted Answer

A) harm U.S. consumers and help Japanese automakers. 
B) help U.S. consumers and harm U.S. automakers. 
C) help U.S. consumers and harm Japanese automakers. 
D) harm Japanese consumers and help U.S. automakers. 
A) harm U.S. consumers and help Japanese automakers. 
B) help U.S. consumers and harm U.S. automakers. 
C) help U.S. consumers and harm Japanese automakers. 
D) harm Japanese consumers and help U.S. automakers.

Question 3

If England limits the playing of U.S. music to no more than 5 hours per day

Accepted Answer

A) this is the same as a quota. 
B) this is the same as a tariff. 
C) this make U.S. producers of television wealthier that they would otherwise be. 
D) economists would not call this a limit on trade since it is a service. 
A) this is the same as a quota. 
B) this is the same as a tariff. 
C) this make U.S. producers of television wealthier that they would otherwise be. 
D) economists would not call this a limit on trade since it is a service.

Question 4

Which of the following works to limit trade by explicitly raising prices (i.e. as a tax)?

Accepted Answer

A) Tariffs 
B) Quotas 
C) Non-tariff regulatory barriers 
D) Buy "American advertising" 
A) Tariffs 
B) Quotas 
C) Non-tariff regulatory barriers 
D) Buy "American advertising"

Question 5

Trade sanctions were effective in getting Russia to exit Afghanistan after its 1979 invasion.

Accepted Answer

A) True 
 B)False

Question 6

-In Table 17.1 the Brazil has

Accepted Answer

A) An absolute and comparative advantage in apples. 
B) An absolute and comparative advantage in coffee. 
C) An absolute and comparative advantage in both goods. 
D) An absolute advantage but not a comparative advantage in coffee. 
A) An absolute and comparative advantage in apples. 
B) An absolute and comparative advantage in coffee. 
C) An absolute and comparative advantage in both goods. 
D) An absolute advantage but not a comparative advantage in coffee.

Exam 17: International Trade: Does It Jeopardize American Jobs

If France limits the showing of U.S. produced television shows to 2 hours per day

Imports of Japanese passenger vehicles into the U.S. tend to

If England limits the playing of U.S. music to no more than 5 hours per day

Which of the following works to limit trade by explicitly raising prices (i.e. as a tax)?

Trade sanctions were effective in getting Russia to exit Afghanistan after its 1979 invasion.

-In Table 17.1 the Brazil has

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