Trade Policies For the Developing Nations Archives

Import substitution is an example of ?

Import substitution is an example of ?

A. the principle of comparative advantage
B. the principle of absolute advantage
C. an outward-looking growth strategy
D. an inward-looking growth strategy

Import substitution is an example of ? Read More »

Because supply and demand conditions for primary products are very price inelastic their prices ?

Economics Mcqs, Trade Policies For the Developing Nations / admin

Because supply and demand conditions for primary products are very price inelastic their prices ?

A. have been steadily rising in recent decades
B. have been more stable than the prices of manufactured goods
C. fluctuate about as much as the prices of manufactured goods
D. tend to be very unstable from year to year

Because supply and demand conditions for primary products are very price inelastic their prices ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?

Economics Mcqs, Trade Policies For the Developing Nations / admin

Which of the following strategies have develog countries not used to deal with the problem of unstable export markets ?

A. multilateral contracts
B. production and export controls
C. buffer stock arrangements
D. tariff-rates quotas

Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

The ability of the Organization of Petroleum Exporting Countries (OPEC) to maximize profits is hampered by ?

Economics Mcqs, Trade Policies For the Developing Nations / admin

The ability of the Organization of Petroleum Exporting Countries (OPEC) to maximize profits is hampered by ?

A. a lack of substitutes for oil
B. similar cost schedules for member countries
C. highly inelastic world demand curve for oil
D. economic recession for oil importing nations

The ability of the Organization of Petroleum Exporting Countries (OPEC) to maximize profits is hampered by ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

All of the following are trade problems of developing countries except?

Economics Mcqs, Trade Policies For the Developing Nations / admin

All of the following are trade problems of develog countries except?

A. unstable export markets
B. improving terms of trade
C. limited access to the markets of industrial countries
D. highly elastic demand curves for their products

All of the following are trade problems of developing countries except? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

To be considered a good candidate for export cartel, a commodity should ?

Economics Mcqs, Trade Policies For the Developing Nations / admin

To be considered a good candidate for export cartel, a commodity should ?

A. be a manufactured good
B. be a primary product
C. have a low price elasticity of supply
D. have a high price elasticity of demand

To be considered a good candidate for export cartel, a commodity should ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

Hong Kong and South Korea are examples of developing nations that have recently pursued ________ industrialization policies?

Economics Mcqs, Trade Policies For the Developing Nations / admin

Hong Kong and South Korea are examples of develog nations that have recently pursued ________ industrialization policies?

A. import substitution
B. export promotion
C. commercial dumg
D. multilateral contract

Hong Kong and South Korea are examples of developing nations that have recently pursued ________ industrialization policies? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

For the oil-importing countries, the increase in oil prices in 1970s and early 2000s contributed to all of the following except ?

Economics Mcqs, Trade Policies For the Developing Nations / admin

For the oil-importing countries, the increase in oil prices in 1970s and early 2000s contributed to all of the following except ?

A. balance of trade deficits
B. price inflation
C. constrained economic growth
D. improving terms of trade

For the oil-importing countries, the increase in oil prices in 1970s and early 2000s contributed to all of the following except ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

A widely used indicator to differentiate developed countries from developing countries is ?

Economics Mcqs, Trade Policies For the Developing Nations / admin

A widely used indicator to differentiate developed countries from develog countries is ?

A. international trade per capita
B. real income per capital
C. unemployment per capita
D. calories per capita

A widely used indicator to differentiate developed countries from developing countries is ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

Instead, assume that global economic expansion causes the quantity of tin demanded to increase by 4 million pounds at each price To maintain price of tin at the target price you would ?

Economics Mcqs, Trade Policies For the Developing Nations / admin

Instead, assume that global economic expansion causes the quantity of tin demanded to increase by 4 million pounds at each price To maintain price of tin at the target price you would ?

A. sell 4 million pounds of tin
B. sell 8 million pounds of tin
C. buy 4 million pounds of tin
D. buy 8 million pounds of tin

Instead, assume that global economic expansion causes the quantity of tin demanded to increase by 4 million pounds at each price To maintain price of tin at the target price you would ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations