Economics Mcqs

To help developing nations strengthen their international competitiveness many industrial nations have granted non-reciprocal tariff reductions to developing nations under the ?

by
To help develog nations strengthen their international competitiveness many industrial nations have granted non-reciprocal tariff reductions to develog nations under the ?

A. international commodity agreements program
B. multilateral contract program
C. generalized system of preferences program
D. export-led growth program

The arrangement where goods imported from trading partners in the developing world are subject to lower tariff rates than goods from other countries is referred to as ?

by
The arrangement where goods imported from trading partners in the develog world are subject to lower tariff rates than goods from other countries is referred to as ?

A. normal trade relation status
B. most favored nation status
C. offshore assembly provisions
D. Generalized System of Preferences

Concerning the hypothesis that there has occurred a long run deterioration in the developing countries terms of trade empirical studies provide ?

by
Concerning the hypothesis that there has occurred a long run deterioration in the develog countries terms of trade empirical studies provide ?

A. mixed evidence that does not substantiate the deterioration hypothesis
B. overwhelming support for the deterioration hypothesis
C. overwhelming opposition to the deterioration hypothesis
D. None of the above

Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation ?

by
Which industrialization policy have develog countries used which places emphasis on the comparative advantage principle as a guide to resource allocation ?

A. export promotion
B. import promotion
C. international commodity agreements
D. multilateral contracts

Concerning dumping, which of the following is true ?

by
Concerning dumg, which of the following is true ?

A. predatory dumg represents the most common form of dumg by U.S firms
B. U.S firms can obtain protection from foreign dumg, even though this protection tends to harm overall U.S welfare
C. dumg can never be a profit-maximizing strategy for U.S firms to pursue
D. U.S firms rarely if ever, engage in distress dumg or persistent dumg