C) deadweight losses for producers and consumers will decrease, hence increasing national economic welfare. D) deadweight losses for producers and consumers will decrease, hence decreasing national economic welfare.

E) government tariff revenue will increase, hence increasing national economic welfare.

21. Which organization determines procedures for the settlement of international trade disputes? A) World Bank

B) World Trade Organization

C) International Monetary Organization

D) International Bank for Reconstruction and Development E) The League of Nations

22. Today U.S. protectionism is concentrated in A) high-tech industries. B) labor-intensive industries.

C) industries in which Japan has a comparative advantage. D) computer intensive industries. E) capital-intensive industries.

23. The quantitative importance of U.S. protection of the domestic clothing industry is best explained by the fact that

A) this industry is an important employer of highly skilled labor. B) this industry is an important employer of low skilled labor.

C) most of the exporters of clothing into the U.S. are poor countries. D) this industry is a politically well organized sector in the U.S. E) the technology involved is very advanced.

24. The optimum tariff is most likely to apply to A) a small tariff imposed by a small country. B) a small tariff imposed by a large country. C) a large tariff imposed by a small country. D) a large tariff imposed by a large country. E) an ad valorem tariff on a small country.

25. The median voter model

A) works well in the area of trade policy. B) is not intuitively reasonable.

C) tends to result in biased tariff rates.

D) does not work well in the area of trade policy. E) is not widely practiced in the United States. By：某某

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