Economics Mcqs

A. has shown that is easy to achieve cooperation among cartel members
B. was successful in raising oil prices in the 1970s but was disbanded in the 1980s
C. has shown greater success in realizing profits during periods of global recession
D. has had a level of success in raising oil prices that other develog countries are unlikely to achieve with other primary commodities

A. labor forces increase
B. capital stocks increase
C. new inventions increase productivity
D. All of the above

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

A. purchase; decrease
B. purchase; increase
C. sell; increase
D. sell; decrease

A. develog country export to advanced countries to receive preferential tariff treatment
B. develog country imports from advanced countries to receive preferential tariff treatment
C. any develog country to ignore the most-favored nation clause
D. any advanced country to ignore the most favored-nation clause

A. relatively low import tariffs maintained by advanced countries
B. highly elastic demand for these products in advanced countries
C. declines in the supplies of these products on world markets
D. sluggish demand for these products in advanced countries

A. higher than
B. equal to
C. lower than
D. there is no general pattern

A. primary products such as tin and bauxite
B. intermediate products
C. labor-intensive agricultural products
D. labor-intensive manufacturing products

A. lower tariff rates on goods from nations with normal trade relation status
B. lower tariff rates on goods from nations with most favored nation status
C. low or zero tariffs on goods from certain develog countries
D. identical tariff rates in products from all countries of the world

A. the world Bank
B. the international Monetary Fund
C. The Generalized System of Preferences
D. All of the above