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Multiple Choice Quiz
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1.
For persistent dumping to be successful, firms will maximize profits by:
A)charging a higher price in the more inelastic market.
B)charging a higher price in the less elastic market.
C)charging the same price in both markets.
D)only selling in the more inelastic market.
2.
Which of the following does the World Trade Organization (WTO) allow countries to impose?
A)tariffs.
B)import quotas.
C)antidumping tariffs.
D)export subsidies.
3.
The world's biggest initiator of antidumping cases is:
A)European Union
B)United States
C)Australia
D)Canada
4.
The U.S. Export-Import Bank (Eximbank) is a major provider of:
A)low-interest loans to U.S. exporters and their foreign customers.
B)low-interest loans to U.S. importers and exporters.
C)low-interest loans to U.S. importers and theirforeign producers.
D)low-interest loans to foreign exporters.
5.
An export subsidy imposed by Japan and an equal countervailing import duty imposed by Australia will:
A)result in losses for Australia, but not for Japan and the world as a whole.
B)result in losses for Japan, but not for Australia and the world as a whole.
C)result in losses for the world as a whole, but not for Australia and Japan.
D)result in losses for Australia and Japan, but not for the world asa whole.
6.
The success of Asian apparel exports to the United States and Europe lies in:
A)a great productivity failure in the United States and European Union.
B)the fact that apparel uses capital intensively and the United States is not relatively abundant in capital.
C)the fact that apparel uses unskilled labor intensively and Asia is relatively abundant in that factor.
D)that Asian countries provide export subsidies to the apparel manufacturers in their countries.
7.
The United States __________ provide government aid to American aircraft exporters. The European Union _________ provide government aid to European aircraft exporters.
A)does; does not
B)does not; does
C)does; does
D)does not; does not
8.
The Japanese industry that has consistently received the highest level of support from the Japanese government is:
A)chemicals.
B)mining.
C)steel.
D)paper.





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