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The International Economy And Globalization

A sudden shift from import tariffs to free trade may induce short-term unemployment in ?

Economics Mcqs, The International Economy And Globalization /
A sudden shift from import tariffs to free trade may induce short-term unemployment in ?

A. Import-competing industries
B. Industries that are only exporters
C. Industries that sell domestically as well as export
D. industries that neither import nor export

A sudden shift from import tariffs to free trade may induce short-term unemployment in ? Read More »

Economics Mcqs, The International Economy And Globalization

International trade in goods and services tends to ?

Economics Mcqs, The International Economy And Globalization /
International trade in goods and services tends to ?

A. Increase all domestic costs and prices
B. Keep all domestic costs and prices at the same level
C. Lessen the amount of competition facing home manufacturers
D. Increase the amount of competition facing home manufacturers

International trade in goods and services tends to ? Read More »

Economics Mcqs, The International Economy And Globalization

A feasible effect of international trade is that a (an) ?

Economics Mcqs, The International Economy And Globalization /
A feasible effect of international trade is that a (an) ?

A. Monopoly in the home market becomes an oligopoly in the world market
B. Oligopoly in the home market becomes a monopoly in the world market
C. Purely competitive firm in the home market becomes an oligopolist
D. purely competitive firm in the home market becomes a monopolist

A feasible effect of international trade is that a (an) ? Read More »

Economics Mcqs, The International Economy And Globalization

International trade tends to cause welfare losses to at least some groups in a country ?

Economics Mcqs, The International Economy And Globalization /
International trade tends to cause welfare losses to at least some groups in a country ?

A. The less mobile the country’s resources
B. The more mobile the country’s resources
C. The lower the country’s initial living standard
The higher the country’s initial living standard

International trade tends to cause welfare losses to at least some groups in a country ? Read More »

Economics Mcqs, The International Economy And Globalization

Free traders maintain that an open economy is advantageous is that it provides all of the following except ?

Economics Mcqs, The International Economy And Globalization /
Free traders maintain that an open economy is advantageous is that it provides all of the following except ?

A. Increased competition for world producers
B. A wider selection of products for consumers
C. The utilization of the most efficient production methods
D. Relatively high wages levels for all domestic workers

Free traders maintain that an open economy is advantageous is that it provides all of the following except ? Read More »

Economics Mcqs, The International Economy And Globalization

Arguments for free trade are sometimes disregarded by politicians because ?

Economics Mcqs, The International Economy And Globalization /
Arguments for free trade are sometimes disregarded by politicians because ?

A. Maximizing domestic efficiency is not considered imports
B. Maximizing consumer welfare may not be a chief priority
C. There exist sound economic reasons for keeg one’s economy isolated from other economies
D. Economists tend to favor high protected domestic markets

Arguments for free trade are sometimes disregarded by politicians because ? Read More »

Economics Mcqs, The International Economy And Globalization

The movement to free international trade is most likely to generate short-term unemployment in which industries ?

Economics Mcqs, The International Economy And Globalization /
The movement to free international trade is most likely to generate short-term unemployment in which industries ?

A. Industries in which there are neither imports nor exports
B. Imports competing industries
C. Industries that sell to domestic and foreign buyers
D. Industries that sell to only foreign buyers

The movement to free international trade is most likely to generate short-term unemployment in which industries ? Read More »

Economics Mcqs, The International Economy And Globalization