Foundations of Modern Trade Theory Mcqs


Q.  According to the Principle of absolute advantage Japan should ?

a. Export steel
b. Export DVDs
c. Exports steel and DVDs
d. There is no basis for gainful specialization and trade


ANSWER: See Answer
 
No explanation is available for this question!
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MCQs:  Which one of the following types of Unemployment results from the wage being held above the competitive equilibrium wage ?
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MCQs:  Refer to Figure 1 The labour fouce is ?
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MCQs:  Less demand in the economy may increase unemployment; this may lead to less spending which may reduce demand further. This is called ?
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MCQs:  Which of the following is not a supply side measure ?
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MCQs:  If there is cyclical unemployment in the economy the government might ?
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MCQs:  The natural rate of unemployment is likely to fall if ?
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MCQs:  If people are made unemployed because of a fall in aggregate demand this is known as ?
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MCQs:  If employees cannot accept a job because of the costs of moving this is known as ?
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MCQs:  The Marginal Revenue Product is ?
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MCQs:  A fall in demand for labour is likely to lead to ?
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MCQs:  An increase in the wage rate ?
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