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Economics Mcqs

Under a system of floating exchange rates the pound would depreciate in value if there occurs ?

Economics Mcqs, Foreign Exchange /
Under a system of floating exchange rates the pound would depreciate in value if there occurs ?

A. Price inflation in the United States
B. an increase in U.S real income
C. a decrease in the British money supply
D. falling interest rates in Britain

Under a system of floating exchange rates the pound would depreciate in value if there occurs ? Read More »

Economics Mcqs, Foreign Exchange

Suppose that a Swiss television set that costs 400 francs in Switzerland cost $200 in the United States. The exchange rate between the franc and the dollar is ?

Economics Mcqs, Foreign Exchange /
Suppose that a Swiss television set that costs 400 francs in Switzerland cost $200 in the United States. The exchange rate between the franc and the dollar is ?

A. 2 francs per dollar
B. 1 franc per dollar
C. $2 per franc
D. $3 per franc

Suppose that a Swiss television set that costs 400 francs in Switzerland cost $200 in the United States. The exchange rate between the franc and the dollar is ? Read More »

Economics Mcqs, Foreign Exchange

G. MecDougall showed in his tests that ?

Economics Mcqs, Foundations Of Modern Trade Theory /
G. MecDougall showed in his tests that ?

A. relatively higher U.S labor productivity was associated with relatively higher U.K export ratios
B. relatively high U.K labor productivity was associated with relatively higher U.K export ratios
C. Labor productivity ratios and export ratios were not associated with each other
D. None of the above

G. MecDougall showed in his tests that ? Read More »

Economics Mcqs, Foundations Of Modern Trade Theory

Under free trade, Canada would not realize any gains from trade with Sweden if Canada ?

Economics Mcqs, Foundations Of Modern Trade Theory /
Under free trade, Canada would not realize any gains from trade with Sweden if Canada ?

A. Trades at Canada’s marginal rate of transformation
B. Trade at Sweden’s marginal rate of transformation
C. Specializes completely in the production of its export good
D. Specializes partially in the production of its exports goods

Under free trade, Canada would not realize any gains from trade with Sweden if Canada ? Read More »

Economics Mcqs, Foundations Of Modern Trade Theory

In autarky, when a community maximizes its standard of living its production point is ?

Economics Mcqs, Foundations Of Modern Trade Theory /
In autarky, when a community maximizes its standard of living its production point is ?

A. below the production possibility frontier
B. on the production possibility frontier
C. above the production possibility frontier
D. can’t tell without more information

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Economics Mcqs, Foundations Of Modern Trade Theory

In aukarky, when a community maximizes its standard of living, its production and consumption point is ?

Economics Mcqs, Foundations Of Modern Trade Theory /
In aukarky, when a community maximizes its standard of living, its production and consumption point is ?

A. below the production possibility frontier
B. On the production possibility frontier
C. above the production possibility frontier
D. can’t tell without more information

In aukarky, when a community maximizes its standard of living, its production and consumption point is ? Read More »

Economics Mcqs, Foundations Of Modern Trade Theory

If a country has a liner (downward sloping) production possibilities frontier, then production is said to be subjected to ?

Economics Mcqs, Foundations Of Modern Trade Theory /
If a country has a liner (downward slog) production possibilities frontier, then production is said to be subjected to ?

A. constant opportunity costs
B. decreasing opportunity costs
C. first increasing and then decreasing opportunity costs
D. increasing opportunity costs

If a country has a liner (downward sloping) production possibilities frontier, then production is said to be subjected to ? Read More »

Economics Mcqs, Foundations Of Modern Trade Theory