The Balance of Payments & The National Economy Mcqs


Q.  An index of prices of all domestically produced goods in the economy is the ?

a. wholesale price index (WPI)
b. Consumer price index (CPI)
c. GDP deflator
d. Producer price index (PPI)


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  The Heckshcer-Ohl assumes that are indentical between countries?
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MCQs:  One of the predictions of the Heckscher-Ohlin model is that ?
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MCQs:  If tastes are identical between countries, then comparative advantage is determined by ?
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MCQs:  Declining costs per unit of output results from international trade especially if ?
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MCQs:  Dynamic comparative advantage theory ?
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MCQs:  _____ 1954 study of U.S trade patterns showed that U.S exports were labor-intensive compared with U.S imports, even though the United States was widely regarded as a relatively capital-abundant nation ?
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MCQs:  For the United States empirical studies indicate that over the past two hundred years the cost of international transportation relative to the value of U.S imports has ?
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MCQs:  The trade model of the Swedish economies Heckscher and Ohlin maintains that ?
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MCQs:  Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it and may no longer manufacture the product ?
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MCQs:  The factor endowment model of international trade was developed by ?
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MCQs:  Interindustry trade can be explained by all of the following except ?
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MCQs:  A product will be traded only if the pre-trade price difference between the two countries ?
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MCQs:  Assume that Country A is relatively abundant in labor and Country B is relatively abundant in land Note that wages are the returns to labor and rents are the returns to land According to the factor price equalization theorem, once Country A begins specializing according to comparative advantage and trading with Country B: A. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A ?
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MCQs:  The factor endowment theory was pioneered by ?
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MCQs:  Wassily Leontief’s results can be interpreted as ?
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MCQs:  Leontief’s result were considered paradoxical because the United Stated was believed to be ?
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