Question

In: Economics

UAE thinking of increasing import tariffs on Algerian products. which is NOT an import tariff Specific...

UAE thinking of increasing import tariffs on Algerian products. which is NOT an import tariff

Specific tariff
Non
Compound tariff
AD valorem tariff

UAE has allowed only 100000 cars from Japan to enter its territory. This type of barrier is called

Quota
Import tariff barrier
Quota rate tariff
Export tariff barrier

UAE has applied NTBs on products coming from Algeria NTB is

Non-tariff barrier
Non terminal barrier
Non
Non-tariff blocade

4. UAE has decided to use quota on sugar that comes from India. What does it mean?

Price of sugar will go up in UAE and the local producer of sugar will be a winner
The price of sugar will go down in the UAE and the local producer of sugar will be a winner
Non
The price of cookies in UAE will go down

5. UAE has increased its import tariffs on bottle of water coming from abroad who is the lose?

Employees of massafi
The consumers who live in UAE
All
Al Ain water company

6. The company of Al Aghahia has opened a branch in Turkey in order to produce water there According to the concept of product life cycle this means that Al Aghdhia company product become

Standardize product
Non
Mature product
New product

7. UAE has a comparative advantage in producing Creamics but not in producing computers what this means that

Expert Solution

1.The correct answer is b. None

Explanation: Specific tariff, compound tariff and ad-valorem tariff are all import tariffs.

2.The correct option is a. Quota

Explanation: Quota is a monetary restriction imposed on the number of products or goods that a country can import or export. Here the quota is 100000 cars that UAE has allowed to enter its territory.

Reasons for incorrect answers:

b. is incorrect because import tariff is a tax which is imposed by a country on various services and goods that are imported from another country.

c is incorrect because quota rate tariff is a combination of the characteristics of an import quota and tariff. It allows a certain quantity of goods that are imported to be entered at a lesser rate of tariff and quantities that exceed the quota are allowed higher tariffs.

d is incorrect because export tariff is a tax that is imposed on the goods that are exported to other countries.

3.The correct option is a. Non tariff barrier.

Explanation: Non tariff barrier are restrictions, regulations, requirements, prohibitions that make export and import of goods difficult.

4.The correct option is a.Price of sugar will go up in UAE and the local producer of sugar will be a winner.

Explanation: Quota is a restriction that is imposed on the quantity of goods imported or exported.With a quota the price of sugar goes up in UAE because limited quantity of sugar is available in UAE and the local producer of sugar is a winner because he/she can now charge a highe price and earn larger profits.

Please upvote,if the answer is fruitful

Rahul Sunny answered 1 year ago

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