A. technological change
B. competitions with foreign suppliers
C. development of tourism
D. lower tariffs
One of the main advantages of trade economists suggest is ? Read More »
Economics Mcqs, The International Economy And Globalization A. resource; resource
B. foreign exchange money
C. opportunity; opportunity
D. money; opportunity
A. The industrial policies of governments
B. different sizes of the countries
C. different factor endowment between countries
D. the different tastes and preferences of people in different countries
A significant portion of actual world trade patterns results from ? Read More »
Economics Mcqs, The International Economy And Globalization A. services and white-collar jobs
B. manufacturing and blue-collar jobs
C. natural resource extraction and mining jobs
D. agriculture and farming jobs
A. Import-competing industries
B. Industries that are only exporters
C. Industries that sell domestically as well as export
D. industries that neither import nor export
A sudden shift from import tariffs to free trade may induce short-term unemployment in ? Read More »
Economics Mcqs, The International Economy And Globalization A. Imported, but not exported
B. Exported, but not imported
C. Imported and exported
D. Neither exported nor imported
For the United States, commercial jetliners are ? Read More »
Economics Mcqs, The International Economy And Globalization A. Increase all domestic costs and prices
B. Keep all domestic costs and prices at the same level
C. Lessen the amount of competition facing home manufacturers
D. Increase the amount of competition facing home manufacturers
International trade in goods and services tends to ? Read More »
Economics Mcqs, The International Economy And Globalization A. Monopoly in the home market becomes an oligopoly in the world market
B. Oligopoly in the home market becomes a monopoly in the world market
C. Purely competitive firm in the home market becomes an oligopolist
D. purely competitive firm in the home market becomes a monopolist
A feasible effect of international trade is that a (an) ? Read More »
Economics Mcqs, The International Economy And Globalization A. The less mobile the country’s resources
B. The more mobile the country’s resources
C. The lower the country’s initial living standard
The higher the country’s initial living standard
International trade tends to cause welfare losses to at least some groups in a country ? Read More »
Economics Mcqs, The International Economy And Globalization A. Increased competition for world producers
B. A wider selection of products for consumers
C. The utilization of the most efficient production methods
D. Relatively high wages levels for all domestic workers
