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Author Question: The optimum tariff is A) the best tariff a country can obtain via a WTO negotiated round of ... (Read 122 times)

genevieve1028

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on: Jun 30, 2018
The optimum tariff is
 
  A) the best tariff a country can obtain via a WTO negotiated round of compromises.
  B) the tariff, which maximizes the terms of trade gains.
  C) the tariff, which maximizes the difference between terms of trade gains and terms of trade loses.
  D) not practical for a small country due to the likelihood of retaliation.
  E) not practical for a large country due to the likelihood of retaliation.

Question 2

In the 2-factor, 2 good Heckscher-Ohlin model, trade will ________ the owners of a country's ________ factor and will ________ the good that uses that factor intensively.
 
  A) benefit; abundant; export
  B) harm; abundant; import
  C) benefit; scarce; export
  D) benefit; scarce; import
  E) harm; scarce; export


janieazgirl

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

A


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