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Economics Mcqs

Tariffs are used to protect infant industries these industries are those which ?

Economics Mcqs, The International Economy And Globalization /
Tariffs are used to protect infant industries these industries are those which ?

A. employ many young or untrained workers
B. are competing with well-established overseas firms
C. are not yet large enough to achieve economies of scale
D. use a new technology

Tariffs are used to protect infant industries these industries are those which ? Read More »

Economics Mcqs, The International Economy And Globalization

If the Uk placed a limit on the amount of steel that could be imported into the UK in a particular period this would be an example of ?

Economics Mcqs, The International Economy And Globalization /
If the Uk placed a limit on the amount of steel that could be imported into the UK in a particular period this would be an example of ?

A. a quota
B. dumg
C. a tariff
D. an export subsidy

If the Uk placed a limit on the amount of steel that could be imported into the UK in a particular period this would be an example of ? Read More »

Economics Mcqs, The International Economy And Globalization

A country has a comparative advantage in the production of a product if the good’s _____ cost in different from the good’s _____ cost in another country ?

Economics Mcqs, The International Economy And Globalization /
A country has a comparative advantage in the production of a product if the good’s _____ cost in different from the good’s _____ cost in another country ?

A. resource; resource
B. foreign exchange money
C. opportunity; opportunity
D. money; opportunity

A country has a comparative advantage in the production of a product if the good’s _____ cost in different from the good’s _____ cost in another country ? Read More »

Economics Mcqs, The International Economy And Globalization

A significant portion of actual world trade patterns results from ?

Economics Mcqs, The International Economy And Globalization /
A significant portion of actual world trade patterns results from ?

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

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Economics Mcqs, The International Economy And Globalization

The most wave of globalization which began in the 1980s has emphasized the outsourcing of ?

Economics Mcqs, The International Economy And Globalization /
The most wave of globalization which began in the 1980s has emphasized the outsourcing of ?

A. services and white-collar jobs
B. manufacturing and blue-collar jobs
C. natural resource extraction and mining jobs
D. agriculture and farming jobs

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Economics Mcqs, The International Economy And Globalization

A sudden shift from import tariffs to free trade may induce short-term unemployment in ?

Economics Mcqs, The International Economy And Globalization /
A sudden shift from import tariffs to free trade may induce short-term unemployment in ?

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

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Economics Mcqs, The International Economy And Globalization

International trade in goods and services tends to ?

Economics Mcqs, The International Economy And Globalization /
International trade in goods and services tends to ?

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 feasible effect of international trade is that a (an) ?

Economics Mcqs, The International Economy And Globalization /
A feasible effect of international trade is that a (an) ?

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