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Economics Mcqs

When one country provides most favored nation status (normal trade relations) for another, it agrees to ?

Economics Mcqs, Trade Regulations And Industrial Policies /
When one country provides most favored nation status (normal trade relations) for another, it agrees to ?

A. charge the nation’s products a lower tariff than any other nation’s
B. charge that nation’s products a tariff rate no higher than that on any other nation
C. charge that nation’s products a higher tariff than any other nation’s
D. exports to that nation any products that it wants to purchase

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Economics Mcqs, Trade Regulations And Industrial Policies

The strongest political pressure for a trade policy that results in higher protectionism comes from?

Economics Mcqs, Trade Regulations And Industrial Policies /
The strongest political pressure for a trade policy that results in higher protectionism comes from?

A. domestic workers lobbying for import restriction
B. domestic workers lobbying for export restrictions
C. domestic consumers lobbying for export restrictions
D. domestic consumers lobbying for import restrictions

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Economics Mcqs, Trade Regulations And Industrial Policies

Concerning economic sanctions, export embargo induces greater losses in consumer surplus for the target country the?

Economics Mcqs, Trade Regulations And Industrial Policies /
Concerning economic sanctions, export embargo induces greater losses in consumer surplus for the target country the?

A. lesser it initial dependence on foreign produce goods.
B. more elastic the target country demand schedule
C. greater then available output from alternative suppliers
D. more in elastic the target country supply scheduleB.

Concerning economic sanctions, export embargo induces greater losses in consumer surplus for the target country the? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

In 1980 the U.S imposed export quotas on grain sold to the Soviet Union in response to its armed invasion of Afghanistan if other nations do not increase grain exports to the soviets all the following would likely occur except?

Economics Mcqs, Trade Regulations And Industrial Policies /
In 1980 the U.S imposed export quotas on grain sold to the Soviet Union in response to its armed invasion of Afghanistan if other nations do not increase grain exports to the soviets all the following would likely occur except?

A. Grain prices would rise in the Soviet union
B. Consumer surplus would decrease for the soviets
C. Grains prices would rise in the united States
D. Export revenues would decrease for U.S producers

In 1980 the U.S imposed export quotas on grain sold to the Soviet Union in response to its armed invasion of Afghanistan if other nations do not increase grain exports to the soviets all the following would likely occur except? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies