Suppose that the United States eliminates its tariff on steel imports, permitting foreign-produced steel to enter the U.S. market. Steel prices to U.S. consumers would be expected to:
A: Increase, and the foreign demand for U.S. exports would increase
B: Decrease, and the foreign demand for U.S. exports would increase
C: Increase, and the foreign demand for U.S. exports would decrease
D: Decrease, and the foreign demand for U.S. exports would decrease
A: Increase, and the foreign demand for U.S. exports would increase
B: Decrease, and the foreign demand for U.S. exports would increase
C: Increase, and the foreign demand for U.S. exports would decrease
D: Decrease, and the foreign demand for U.S. exports would decrease
举一反三
- The impact of the appreciation of a country's currency on its import and export revenue is (). A: exports decrease, imports increase B: exports increase, imports decrease C: exports increase, imports increase D: exports decrease, imports decrease
- A weakening of the U.S. dollar with respect to the British pound would likely reduce the U.S. exports to Britain and increase U.S. imports from Britain over time.
- Assume the United States adopts a tariff quota on steel in which the quota is set at 2 million tons, the within-quota tariff rate equals 5 percent, and the over-quota tariff rate equals 10 percent. Suppose the U.S. imports 1 million tons of steel. The resulting revenue effect of the tariff quota would accrue to:（ ） A: The U.S. government only B: U.S. importing companies only C: Foreign exporting companies only D: The U.S. government and either U.S. importers or foreign exporters
- If the UK had a economic downturn and China had a economic prosperity, the demand for pound would , the supply of pound would , making pound in a free market. A: increase, decrease, appreciate B: increase, decrease, depreciate C: decrease, increase,appreciate D: decrease,increase,depreciate
- If Japan and U.S. enter into a VER (voluntary export restraint) agreement and Japan agrees to limit its exports to U.S., then we would expect that the VER's revenue effect would accrue to: ( ) A: Japan’s government. B: S. government C: Japan’s producers. D: S. producers.