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Economics Mcqs

Developing countries that concentrate production in agricultural products or raw materials may face a long-run decline in their international terms of trade because of ?

Economics Mcqs, Trade Policies For the Developing Nations /
Develog countries that concentrate production in agricultural products or raw materials may face a long-run decline in their international terms of trade because of ?

A. inelastic demand for these products in advanced countries
B. large increases in the supplies of these products on world markets because of export expansion policies
C. sluggish demand for these products in advanced countries
D. All of the above

Developing countries that concentrate production in agricultural products or raw materials may face a long-run decline in their international terms of trade because of ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?

Economics Mcqs, Trade Policies For the Developing Nations /
An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?

A. relatively small; more difficult
B. relatively small; easier
C. relatively large; more difficult
D. relatively large; easier

An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

Suppose that the demand curve for tin is highly inelastic. If the supply curve of tin decrease and increase cyclically along the demand curve for tin then in this market the size of the price fluctuation will be __________ the size of the quantity fluctuations?

Economics Mcqs, Trade Policies For the Developing Nations /
Suppose that the demand curve for tin is highly inelastic. If the supply curve of tin decrease and increase cyclically along the demand curve for tin then in this market the size of the price fluctuation will be __________ the size of the quantity fluctuations?

A. relatively greater then
B. relatively less than
C. the same as
D. any of the above

Suppose that the demand curve for tin is highly inelastic. If the supply curve of tin decrease and increase cyclically along the demand curve for tin then in this market the size of the price fluctuation will be __________ the size of the quantity fluctuations? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

In the Px = export price index, Pm = import price index, Qx = export quantity index,and Qm = import quantity index. Developing countries tend to maintain that their commodity term of trade have declined over the long run suggesting that _________ has declined?

Economics Mcqs, Trade Policies For the Developing Nations /
In the Px = export price index, Pm = import price index, Qx = export quantity index,and Qm = import quantity index. Develog countries tend to maintain that their commodity term of trade have declined over the long run suggesting that _________ has declined?

A. Px/Pm
B. Pm/Px
C. (Pm/Px)Qm
D. (Px/Pm)Qx

In the Px = export price index, Pm = import price index, Qx = export quantity index,and Qm = import quantity index. Developing countries tend to maintain that their commodity term of trade have declined over the long run suggesting that _________ has declined? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

_________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ?

Economics Mcqs, Trade Policies For the Developing Nations /
_________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ?

A. absolute advantage
B. comparative advantage
C. export-led growth
D. import substitution

_________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

Export-led growth strategies tend to emphasize ?

Economics Mcqs, Trade Policies For the Developing Nations /
Export-led growth strategies tend to emphasize ?

A. resource allocation based on the principle of absolute advantage
B. resource allocation based on the principle of comparative advantage
C. trade protection for import-competing firms
D. trade protection for exporting-competing firms

Export-led growth strategies tend to emphasize ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

Because supply and demand conditions for primary products are very price inelastic their prices ?

Economics Mcqs, Trade Policies For the Developing Nations /
Because supply and demand conditions for primary products are very price inelastic their prices ?

A. have been steadily rising in recent decades
B. have been more stable than the prices of manufactured goods
C. fluctuate about as much as the prices of manufactured goods
D. tend to be very unstable from year to year

Because supply and demand conditions for primary products are very price inelastic their prices ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?

Economics Mcqs, Trade Policies For the Developing Nations /
Which of the following strategies have develog countries not used to deal with the problem of unstable export markets ?

A. multilateral contracts
B. production and export controls
C. buffer stock arrangements
D. tariff-rates quotas

Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

The ability of the Organization of Petroleum Exporting Countries (OPEC) to maximize profits is hampered by ?

Economics Mcqs, Trade Policies For the Developing Nations /
The ability of the Organization of Petroleum Exporting Countries (OPEC) to maximize profits is hampered by ?

A. a lack of substitutes for oil
B. similar cost schedules for member countries
C. highly inelastic world demand curve for oil
D. economic recession for oil importing nations

The ability of the Organization of Petroleum Exporting Countries (OPEC) to maximize profits is hampered by ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations