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Trade Regulations And Industrial Policies

Following World War II the United States and other countries sought to liberalize trade among each other the first major postwar step toward trade liberalization was the ?

Economics Mcqs, Trade Regulations And Industrial Policies /
Following World War II the United States and other countries sought to liberalize trade among each other the first major postwar step toward trade liberalization was the ?

A. General Agreement on Tariffs and Trade
B. World Trade Organization
C. Smoot Hawley Organization
D. McKinley Agreement on Trade policy

Following World War II the United States and other countries sought to liberalize trade among each other the first major postwar step toward trade liberalization was the ? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

All of the following are fundamental to the World Trade Organization except ?

Economics Mcqs, Trade Regulations And Industrial Policies /
All of the following are fundamental to the World Trade Organization except ?

A. bilateral tariff reductions to promote trade liberalization
B. the use of the most-favored nation clause (normal trade relations)
C. nondiscrimination in trading relationships
D. the prohibition of import quotas and export quotas

All of the following are fundamental to the World Trade Organization except ? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

To help its firms penetrate Mexico’s radio market suppose the Japanese government provides them a subsidy of $15 for each radio shipped to Mexico As a result of this trade policy ?

Economics Mcqs, Trade Regulations And Industrial Policies /
To help its firms penetrate Mexico’s radio market suppose the Japanese government provides them a subsidy of $15 for each radio shipped to Mexico As a result of this trade policy ?

A. The price of radios in Mexico equals $60 and its imports equal 30 radios
B. The price of radios in Mexico equals $30 and its imports equal 30 radios
C. The price of radios in Mexico equals $40 and its imports equals 20 radios
D. Th price of radios in Mexico equals $20 and its imports equal 40 radios

To help its firms penetrate Mexico’s radio market suppose the Japanese government provides them a subsidy of $15 for each radio shipped to Mexico As a result of this trade policy ? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

Countervailing duties levied by the U.S government are imposed to offset ?

Economics Mcqs, Trade Regulations And Industrial Policies /
Countervailing duties levied by the U.S government are imposed to offset ?

A. foreign dumg of goods in the U.S
B. subsidies granted to foreign firms that export to the U.S
C. buy national policies of foreign government
D. stringent environmental regulations of foreign government s

Countervailing duties levied by the U.S government are imposed to offset ? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

When one country provides most favored nation status (normal trade relations) for another, it agrees to ?

Economics Mcqs, Trade Regulations And Industrial Policies /
When one country provides most favored nation status (normal trade relations) for another, it agrees to ?

A. charge the nation’s products a lower tariff than any other nation’s
B. charge that nation’s products a tariff rate no higher than that on any other nation
C. charge that nation’s products a higher tariff than any other nation’s
D. exports to that nation any products that it wants to purchase

When one country provides most favored nation status (normal trade relations) for another, it agrees to ? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

The strongest political pressure for a trade policy that results in higher protectionism comes from?

Economics Mcqs, Trade Regulations And Industrial Policies /
The strongest political pressure for a trade policy that results in higher protectionism comes from?

A. domestic workers lobbying for import restriction
B. domestic workers lobbying for export restrictions
C. domestic consumers lobbying for export restrictions
D. domestic consumers lobbying for import restrictions

The strongest political pressure for a trade policy that results in higher protectionism comes from? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

Concerning economic sanctions, export embargo induces greater losses in consumer surplus for the target country the?

Economics Mcqs, Trade Regulations And Industrial Policies /
Concerning economic sanctions, export embargo induces greater losses in consumer surplus for the target country the?

A. lesser it initial dependence on foreign produce goods.
B. more elastic the target country demand schedule
C. greater then available output from alternative suppliers
D. more in elastic the target country supply scheduleB.

Concerning economic sanctions, export embargo induces greater losses in consumer surplus for the target country the? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies

In 1980 the U.S imposed export quotas on grain sold to the Soviet Union in response to its armed invasion of Afghanistan if other nations do not increase grain exports to the soviets all the following would likely occur except?

Economics Mcqs, Trade Regulations And Industrial Policies /
In 1980 the U.S imposed export quotas on grain sold to the Soviet Union in response to its armed invasion of Afghanistan if other nations do not increase grain exports to the soviets all the following would likely occur except?

A. Grain prices would rise in the Soviet union
B. Consumer surplus would decrease for the soviets
C. Grains prices would rise in the united States
D. Export revenues would decrease for U.S producers

In 1980 the U.S imposed export quotas on grain sold to the Soviet Union in response to its armed invasion of Afghanistan if other nations do not increase grain exports to the soviets all the following would likely occur except? Read More »

Economics Mcqs, Trade Regulations And Industrial Policies