객관식
Which of the following is an example of an import quota?
139
views
9. International Trade
Import Quotas and VERs
객관식
What is the typical effect of import quotas and voluntary export restraints (VERs) on the domestic price of the restricted good?
A
They cause the domestic price to fluctuate unpredictably.
B
They have no effect on the domestic price of the restricted good.
C
They increase the domestic price of the restricted good.
D
They decrease the domestic price of the restricted good.
검증된 단계별 안내1
Step 1: Understand the concepts of import quotas and voluntary export restraints (VERs). Both are trade restrictions that limit the quantity of a good that can be imported into a country.
Step 2: Recognize that limiting the supply of a good through quotas or VERs reduces the total quantity available in the domestic market compared to a free trade scenario.
Step 3: Recall the basic supply and demand principle: when supply decreases and demand remains constant, the equilibrium price tends to rise.
Step 4: Apply this principle to the restricted good: since import quotas and VERs reduce supply, the domestic price of the good typically increases.
Step 5: Conclude that the typical effect of import quotas and VERs is to increase the domestic price of the restricted good, as the reduced supply creates upward pressure on prices.
관련 영상
관련 실천
