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 ?

Related Mcqs:

1. Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are ?

   A. Progressive and thus bear down on the wealthy
   B. regressive and thus bear down on the poor
   C. proportional and thus bear down on all consumers in the same manner
   D. deflationary and thus result in reductions in the price of imports

2. When imports from a higher-cost supplier within a customs union replace imports from a lower-cost supplier outside the custom union, there exists ?

   A. trade creation
   B. trade diversion
   C. dynamic welfare effects
   D. comprehensive welfare effects

3. What is called the difference in the value of a nation’s imports over exports or exports over imports ?

   A. Trade deficit
   B. Trade simples
   C. Both a & b
   D. Not a nor b

4. Most empirical studies show that firm’s cost curves ?

   A. slope up to the right
   B. are U-shaped
   C. slope down to the right
   D. slope down to the right and then level off.

5. A depreciation of the dollar will have its most pronounced impact on imports if the demand for imports is ?

   A. constant
   B. inelastic
   C. elastic
   D. Unitary elastic

6. _____ 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 ?

   A. Paul Samuelson’s
   B. Wolfgang Stolpher’s
   C. Staffan Linder’s
   D. Wassily Leontief’s

7. Should international transportation costs decrease the effect on international trade would include a (an) ?

   A. increase in the volume of trade
   B. Smaller gain from trade
   C. Decline in the income of home producers
   D. Decrease in the level of specialization in production

8. Suppose that the United Kingdom devalues the pound if both exports and imports are written in terms of pounds then the United Kingdom balance of trade during a currency contract period ?

   A. improves
   B. worsens
   C. is unaffected
   D. falls for a while before increasing

9. Concerning the hypothesis that there has occurred a long run deterioration in the developing countries terms of trade empirical studies provide ?

   A. mixed evidence that does not substantiate the deterioration hypothesis
   B. overwhelming support for the deterioration hypothesis
   C. overwhelming opposition to the deterioration hypothesis
   D. None of the above

10. For the United states, exports plus imports are about _____ of its gross national product?

    A. 5 percent
    B. 10 percent
    C. 25 percent
    D. 55 percent