Economics Mcqs Archives | Page 211 of 327

When imports from a higher-cost supplier within a customs union replace imports from a lower-cost supplier outside the custom union, there exists ?

September 11, 2021May 30, 2019 by admin

When imports from a higher-cost supplier within a customs union replace imports from a lower-cost supplier outside the custom union, there exists ?

A. trade creation
B. trade diversion
C. dynamic welfare effects
D. comprehensive welfare effects

Suppose that tomatoes from Mexico face a 20 percent tariff in the United States and a 25 percent tariff in Canada. If the United States and Canada maintain free trade between each other, the these two countries belong to a ?

September 11, 2021May 30, 2019 by admin

Suppose that tomatoes from Mexico face a 20 percent tariff in the United States and a 25 percent tariff in Canada. If the United States and Canada maintain free trade between each other, the these two countries belong to a ?

A. free-trade area
B. customs union
C. common market
D. monetary union

Which level of economic integration best applies to the U.S economy ?

September 11, 2021May 30, 2019 by admin

Which level of economic integration best applies to the U.S economy ?

A. free trade area
B. customs union
C. common market
D. monetary union

A ____ is a regional trading bloc in Which member countries eliminate internal trade barriers but maintain existing barriers against countries that are not member ?

September 11, 2021May 30, 2019 by admin

A ____ is a regional trading bloc in Which member countries eliminate internal trade barriers but maintain existing barriers against countries that are not member ?

A. free trade area
B. customs union
C. common market
D. monetary union

The European Monetary Union is an example of a ?

September 11, 2021May 30, 2019 by admin

The European Monetary Union is an example of a ?

A. customs union
B. free trade area
C. reciprocal trade agreement
D. monetary union

If A forms a customs union with B, A will import ?

September 11, 2021May 30, 2019 by admin

If A forms a customs union with B, A will import ?

A. 400 units from B
B. 200 units from C
C. 200 units from each
D. 400 units from B and 200 units from C

The NAFTA is a ?

September 11, 2021May 30, 2019 by admin

The NAFTA is a ?

A. monetary union
B. free trade area
C. common market
D. customs union

In free trade A will import ?

September 11, 2021May 30, 2019 by admin

In free trade A will import ?

A. 700 units from country C
B. 700 units from country C and 600 units from country B
C. 600 units from country C
D. 600 units from country C and 400 units from country B

Under the Common Agricultural Policy exports of any surplus quantities EU produce are encouraged through the usage of ?

September 11, 2021May 30, 2019 by admin

Under the Common Agricultural Policy exports of any surplus quantities EU produce are encouraged through the usage of ?

A. variable levies
B. export subsidies
C. trigger prices
D. countertrade

When several countries jointly impose common external tariffs, eliminate tariffs on each other, and eliminate barriers to the movement of labor and capital among themselves, they have formed a/na ?

September 11, 2021May 30, 2019 by admin

When several countries jointly impose common external tariffs, eliminate tariffs on each other, and eliminate barriers to the movement of labor and capital among themselves, they have formed a/na ?

A. free trade area
B. customs union
C. common market
D. economic union