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Trade Policies For the Developing Nations

Suppose that the firms collude and become a cartel The best level of output for the cartel as a whole is ___________ the price equals __________ and profits total __________?

Economics Mcqs, Trade Policies For the Developing Nations /
Suppose that the firms collude and become a cartel The best level of output for the cartel as a whole is ___________ the price equals __________ and profits total __________?

A. 2 million barrels per day, $100, $60 million
B. 4 million barrels per day, $80, $160 million
C. 6 million barrels per day, $60, $60 million
D. 8 million barrels per day, $40, $20 million

Suppose that the firms collude and become a cartel The best level of output for the cartel as a whole is ___________ the price equals __________ and profits total __________? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

Poor developing countries typically impose __________ tariffs than rich advanced nations on imports?

Economics Mcqs, Trade Policies For the Developing Nations /
Poor develog countries typically impose __________ tariffs than rich advanced nations on imports?

A. lower
B. higher
C. about the same height
D. None of the above

Poor developing countries typically impose __________ tariffs than rich advanced nations on imports? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

Membership in the World Trade Organization for china ?

Economics Mcqs, Trade Policies For the Developing Nations /
Membership in the World Trade Organization for china ?

A. has been a matter of low priority for the Chinese government
B. was achieved in the early 1950s
C. has been opposed by a number of labor and human rights organizations in other countries
D. has had negligible effect on trade between china and the United States

Membership in the World Trade Organization for china ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?

Economics Mcqs, Trade Policies For the Developing Nations /
The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?

A. flying geese
B. import substitution
C. export orientation
D. commodity expansion

The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

Developing countries that concentrate production in agricultural products or raw materials may face a long-run decline in their international terms of trade because of ?

Economics Mcqs, Trade Policies For the Developing Nations /
Develog countries that concentrate production in agricultural products or raw materials may face a long-run decline in their international terms of trade because of ?

A. inelastic demand for these products in advanced countries
B. large increases in the supplies of these products on world markets because of export expansion policies
C. sluggish demand for these products in advanced countries
D. All of the above

Developing countries that concentrate production in agricultural products or raw materials may face a long-run decline in their international terms of trade because of ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?

Economics Mcqs, Trade Policies For the Developing Nations /
An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?

A. relatively small; more difficult
B. relatively small; easier
C. relatively large; more difficult
D. relatively large; easier

An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

Suppose that the demand curve for tin is highly inelastic. If the supply curve of tin decrease and increase cyclically along the demand curve for tin then in this market the size of the price fluctuation will be __________ the size of the quantity fluctuations?

Economics Mcqs, Trade Policies For the Developing Nations /
Suppose that the demand curve for tin is highly inelastic. If the supply curve of tin decrease and increase cyclically along the demand curve for tin then in this market the size of the price fluctuation will be __________ the size of the quantity fluctuations?

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

Suppose that the demand curve for tin is highly inelastic. If the supply curve of tin decrease and increase cyclically along the demand curve for tin then in this market the size of the price fluctuation will be __________ the size of the quantity fluctuations? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

In the Px = export price index, Pm = import price index, Qx = export quantity index,and Qm = import quantity index. Developing countries tend to maintain that their commodity term of trade have declined over the long run suggesting that _________ has declined?

Economics Mcqs, Trade Policies For the Developing Nations /
In the Px = export price index, Pm = import price index, Qx = export quantity index,and Qm = import quantity index. Develog countries tend to maintain that their commodity term of trade have declined over the long run suggesting that _________ has declined?

A. Px/Pm
B. Pm/Px
C. (Pm/Px)Qm
D. (Px/Pm)Qx

In the Px = export price index, Pm = import price index, Qx = export quantity index,and Qm = import quantity index. Developing countries tend to maintain that their commodity term of trade have declined over the long run suggesting that _________ has declined? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

_________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ?

Economics Mcqs, Trade Policies For the Developing Nations /
_________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ?

A. absolute advantage
B. comparative advantage
C. export-led growth
D. import substitution

_________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

Export-led growth strategies tend to emphasize ?

Economics Mcqs, Trade Policies For the Developing Nations /
Export-led growth strategies tend to emphasize ?

A. resource allocation based on the principle of absolute advantage
B. resource allocation based on the principle of comparative advantage
C. trade protection for import-competing firms
D. trade protection for exporting-competing firms

Export-led growth strategies tend to emphasize ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations