A. trade creation
B. trade diversion
C. trade exclusion
D. trade distortion
Related Mcqs:
- ________ is said to exist when the formation of a regional trading group leads to the reduction of trade with nonmember countries in favor of member countries ?
A. trade creation
B. trade diversion
C. trade exclusion
D. trade distortion - A ____ is a regional trading bloc in Which member countries eliminate internal trade barriers but maintain existing barriers against countries that are not member ?
A. free trade area
B. customs union
C. common market
D. monetary union - According to the trade theory of Staffan Linder trade tends to be most pronounced in manufactured goods when trading countries have ?
A. similar endowments of natural resources
B. similar levels of technology
C. similar per-capita incomes
D. similar wage levels - A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?
A. Relative Advantage
B. Complete Advantage
C. Comparative Edge
D. Comparative Advantage - A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?
A. Relative Advantage
B. Complete Advantage
C. Comparative Edge
D. Comparative Advantage - When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call ?
A. trade diversion
B. trade channeling
C. trade creation and trade diversion
D. trade creation - Tariff levels in advanced countries tend to be __________ tariff levels in developing countries?
A. higher than
B. equal to
C. lower than
D. there is no general pattern - Mention an international trade policy competitive devaluation and increased protective barriers that one country institute to gain at the expense of its trading partners ?
A. Nationalist policy
B. Domestic policy
C. Protectionist policy
D. Beggar-thy-beighbour - Trade creation will more likely outweigh trade diversion for Country X that forms a customs union if the level of tariffs in Country X prior to the customs union is ________ and the total number of countries forming the customs union is _________?
A. relatively high; relatively large
B. relatively high; relatively small
C. relatively low ; relatively large
D. relatively low ; relatively small - Governments and corporations sell interest bearing certificates to raise money for expansion or trade. What is called these certificates ?
A. Certificates
B. Sureties
C. Security bonds
D. Bond
