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Economics Mcqs

International trade tends to cause welfare losses to at least some groups in a country ?

Economics Mcqs, The International Economy And Globalization /
International trade tends to cause welfare losses to at least some groups in a country ?

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

Free traders maintain that an open economy is advantageous is that it provides all of the following except ?

Economics Mcqs, The International Economy And Globalization /
Free traders maintain that an open economy is advantageous is that it provides all of the following except ?

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

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Economics Mcqs, The International Economy And Globalization

Arguments for free trade are sometimes disregarded by politicians because ?

Economics Mcqs, The International Economy And Globalization /
Arguments for free trade are sometimes disregarded by politicians because ?

A. Maximizing domestic efficiency is not considered imports
B. Maximizing consumer welfare may not be a chief priority
C. There exist sound economic reasons for keeg one’s economy isolated from other economies
D. Economists tend to favor high protected domestic markets

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Economics Mcqs, The International Economy And Globalization

The movement to free international trade is most likely to generate short-term unemployment in which industries ?

Economics Mcqs, The International Economy And Globalization /
The movement to free international trade is most likely to generate short-term unemployment in which industries ?

A. Industries in which there are neither imports nor exports
B. Imports competing industries
C. Industries that sell to domestic and foreign buyers
D. Industries that sell to only foreign buyers

The movement to free international trade is most likely to generate short-term unemployment in which industries ? Read More »

Economics Mcqs, The International Economy And Globalization

Import substitution is the replacement of ____ by domestic production _____ protection of ________?

Economics Mcqs, The International Economy And Globalization /
Import substitution is the replacement of ____ by domestic production _____ protection of ________?

A. exports, subsidies
B. exports, patents
C. imports, high tariffs or import quotas
D. imports, subsidies

Import substitution is the replacement of ____ by domestic production _____ protection of ________? Read More »

Economics Mcqs, The International Economy And Globalization