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Trade Policies For the Developing Nations

Assume that global recession causes the quantity of tin demanded to decrease by 4 million pounds at each price To maintain the price of tin at the target price you would ?

Economics Mcqs, Trade Policies For the Developing Nations /
Assume that global recession causes the quantity of tin demanded to decrease by 4 million pounds at each price To maintain the 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

Assume that global recession causes the quantity of tin demanded to decrease by 4 million pounds at each price To maintain the price of tin at the target price you would ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

Assume That the firms operate as purely competitive sellers (a purely competitive industry) In the long run, equilibrium price equals _________ quantity equals _________ and profits total _________?

Economics Mcqs, Trade Policies For the Developing Nations /
Assume That the firms operate as purely competitive sellers (a purely competitive industry) In the long run, equilibrium price equals _________ quantity equals _________ and profits total _________?

A. $100, 2 million barrels per day $60 million
B. $80, 4 million barrels per day $70 million
C. $60, 6 million barrels per day, $20 million
D. $40, 8 million barrels per day, $0 million

Assume That the firms operate as purely competitive sellers (a purely competitive industry) In the long run, equilibrium price equals _________ quantity equals _________ and profits total _________? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

Which of the following organizations primarily provides long-term loans to developing countries to help them develop their infrastructure such as schools hospitals and roads ?

Economics Mcqs, Trade Policies For the Developing Nations /
Which of the following organizations primarily provides long-term loans to develog countries to help them develop their infrastructure such as schools hospitals and roads ?

A. World Bank
B. International Monetary Fund
C. Council on Foreign Relations
D. Organization of petroleum Exporting Countries

Which of the following organizations primarily provides long-term loans to developing countries to help them develop their infrastructure such as schools hospitals and roads ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

The People’s Republic of China ?

Economics Mcqs, Trade Policies For the Developing Nations /
The People’s Republic of China ?

A. is the first of the East Asian countries to be recognized for a successful outward-oriented development strategy
B. has retained to the present time its strategy of import substitution as a source of economic growth
C. has always accounted for a significant of international trade, given its very large population
D. has significantly increased its openness to international trade and foreign investment in recent decades

The People’s Republic of China ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

The OPEC oil cartel ?

Economics Mcqs, Trade Policies For the Developing Nations /
The OPEC oil cartel ?

A. has shown that is easy to achieve cooperation among cartel members
B. was successful in raising oil prices in the 1970s but was disbanded in the 1980s
C. has shown greater success in realizing profits during periods of global recession
D. has had a level of success in raising oil prices that other develog countries are unlikely to achieve with other primary commodities

The OPEC oil cartel ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

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

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

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

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

Economics Mcqs, Trade Policies For the Developing Nations

Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin?

Economics Mcqs, Trade Policies For the Developing Nations /
Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin?

A. purchase; decrease
B. purchase; increase
C. sell; increase
D. sell; decrease

Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

The Generalized System of Preferences (GSP) program allows ?

Economics Mcqs, Trade Policies For the Developing Nations /
The Generalized System of Preferences (GSP) program allows ?

A. develog country export to advanced countries to receive preferential tariff treatment
B. develog country imports from advanced countries to receive preferential tariff treatment
C. any develog country to ignore the most-favored nation clause
D. any advanced country to ignore the most favored-nation clause

The Generalized System of Preferences (GSP) program allows ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations

Developing countries that emphasize the production of raw materials or agricultural goods may realize a long-run deterioration in the international terms of trade because of ?

Economics Mcqs, Trade Policies For the Developing Nations /
Develog countries that emphasize the production of raw materials or agricultural goods may realize a long-run deterioration in the international terms of trade because of ?

A. relatively low import tariffs maintained by advanced countries
B. highly elastic demand for these products in advanced countries
C. declines in the supplies of these products on world markets
D. sluggish demand for these products in advanced countries

Developing countries that emphasize the production of raw materials or agricultural goods may realize a long-run deterioration in the international terms of trade because of ? Read More »

Economics Mcqs, Trade Policies For the Developing Nations