The International Economy And Globalization Mcqs


Q.  Free traders maintain that an open economy is advantageous is that it provides all of the following except ?

a. Increased competition for world producers
b. A wider selection of products for consumers
c. The utilization of the most efficient production methods
d. Relatively high wages levels for all domestic workers


ANSWER: See Answer
 
No explanation is available for this question!
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MCQs:  Government payments made to domestic firms in order to encourage exports are called ?
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MCQs:  The term tariff, as used in international trade refers to ?
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MCQs:  Term of trade for a country are the ratio of _______________ to _____________?
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MCQs:  David Ricardo’s theory in favor of free trade uses the ideal of ?
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MCQs:  The theory that states that a country has a comparative advantage in the production of a product if that country is relatively well endowed with inputs used intensively in the production of that product is the?
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MCQs:  A reduced share of the world export market for the United States would be attributed to?
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MCQs:  Technological improvements are similar to international trade since they both ?
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MCQs:  The real income of domestic producers and consumers can be increased by ?
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MCQs:  For the United States automobiles are ?
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MCQs:  Recent pressures for protectionism in the United States have been motivated by all of the following except ?
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MCQs:  Major trading partners of the United States including all of the following countries except ?
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MCQs:  Increased foreign competition tend to ?
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MCQs:  Which American industry has least been affected by import competition in recent years ?
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MCQs:  International trade is based on the idea that ?
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MCQs:  International trade forces domestic firms to become more competitive in terms of ?
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MCQs:  International trade in goods and services is sometimes used as a substitute for all of the following except ?
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MCQs:  A primary reason why nations conduct international trade is because ?
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