The International Economy And Globalization Mcqs


Q.  The level of the equilibrium exchange rate offsets international differences in ?

a. comparative advantage
b. absolute advantage
c. opportunity cost
d. relative costs


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Free traders maintain that an open economy is advantageous is that it provides all of the following except ?
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MCQs:  For the United states, exports plus imports are about _____ of its gross national product?
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MCQs:  The largest amount of trade with the United States in recent years has been conducted by ?
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MCQs:  Arguments for free trade are sometimes disregarded by politicians because ?
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MCQs:  The movement to free international trade is most likely to generate short-term unemployment in which industries ?
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MCQs:  If a nation has an open economy it means that the nation ?
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MCQs:  A main advantage of specialization results from ?
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MCQs:  If a country has a burden of debt it cannot sustain it can ?
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MCQs:  Import substitution is the replacement of ____ by domestic production _____ protection of ________?
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MCQs:  LDCs are reluctant to pursue development through the export of primary products because of ____ and _____ ?
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MCQs:  All of the following represent obstacles to LDC development except ?
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MCQs:  Economic transition involves high inflation because _____ and ______?
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MCQs:  An optimal tariff is one which reduces imports to the level at which ____ equals ____?
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MCQs:  The imposition of a tariff causes consumption to _____ and imports to _________?
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MCQs:  The main cause of different relative costs between countries are ?
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MCQs:  International specialization takes place because of______________?
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MCQs:  If there is a balance of payments deficit then in a floating exchange rate system ?
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MCQs:  In a floating exchange rate system ?
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MCQs:  Tariffs ?
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MCQs:  Free trade is based on the principle of ?
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