An increase in income should ?

Byadmin May 29, 2019September 11, 2021

An increase in income should ?

A. Shift demand for an inferior product outward
B. shift demand for an inferior product inward
C. shift supply for an inferior product outward
D. Shift supply for an inferior product inward

Economics Mcqs | Foundations Of Modern Trade Theory

In aukarky, when a community maximizes its standard of living, its production and consumption point is ?

In aukarky, when a community maximizes its standard of living, its production and consumption point is ?

A. below the production possibility frontier
B. On the production possibility frontier
C. above the production possibility frontier
D. can’t tell without more information

Read More In aukarky, when a community maximizes its standard of living, its production and consumption point is ?
Economic Development in Historical Perspective | Economics Mcqs

The 1993 World Bank study entitled The East Asian Miracle (1993) identifies eight high performing Asian economies Which of the following is not one of them ?

The 1993 World Bank study entitled The East Asian Miracle (1993) identifies eight high performing Asian economies Which of the following is not one of them ?

A. Japan
B. Four tigers
C. Vietnam
D. Thailand

Read More The 1993 World Bank study entitled The East Asian Miracle (1993) identifies eight high performing Asian economies Which of the following is not one of them ?
Economics Mcqs | Tariffs

For advanced countries such as the United States, tariffs on imported raw materials tend to be ?

For advanced countries such as the United States, tariffs on imported raw materials tend to be ?

A. equals to tariffs on imported manufactured goods
B. lower than tariffs on imported manufactured goods
C. higher than tariffs on imported manufactured goods
D. The highest of all tariffs

Read More For advanced countries such as the United States, tariffs on imported raw materials tend to be ?
Economics Mcqs | World Economy (Miscellaneous)

India is the world’s largest producer of ?

India is the world’s largest producer of ?

A. Iron ore
B. Coal
C. Mica
D. Copper

Read More India is the world’s largest producer of ?
Economics Mcqs | Trade Policies For the Developing Nations

Concerning the hypothesis that there has occurred a long run deterioration in the developing countries terms of trade empirical studies provide ?

Concerning the hypothesis that there has occurred a long run deterioration in the develog countries terms of trade empirical studies provide ?

A. mixed evidence that does not substantiate the deterioration hypothesis
B. overwhelming support for the deterioration hypothesis
C. overwhelming opposition to the deterioration hypothesis
D. None of the above

Read More Concerning the hypothesis that there has occurred a long run deterioration in the developing countries terms of trade empirical studies provide ?
Economics Mcqs | Sources of Comparative Advantage

Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it and may no longer manufacture the product ?

Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it and may no longer manufacture the product ?

A. Theory of factor endowments
B. Theory of overlapg demands
C. Economies of scale theory
D. Product life cycle theory

Read More Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it and may no longer manufacture the product ?

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