Barriers to entry ?

Related Mcqs:

1. 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

2. Barriers to entry ?

   A. Enable abnormal profits to be made in the long run
   B. Enable losses to be made in the long run
   C. Enable abnormal profits to be made in the short run only
   D. Occur in perfect competition

3. Barriers to entry do not include ?

   A. Patents
   B. Internal economies of scale
   C. Mobility of resources
   D. High investment costs

4. 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

5. _________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ?

   A. absolute advantage
   B. comparative advantage
   C. export-led growth
   D. import substitution

6. If a group of countries abolish trade barriers between them and set same tariffs on goods coming in from other countries they are a ?

   A. common market
   B. free trade area
   C. customs union
   D. federation

7. When several countries jointly impose common external tariffs, eliminate tariffs on each other, and eliminate barriers to the movement of labor and capital among themselves, they have formed a/na ?

   A. free trade area
   B. customs union
   C. common market
   D. economic union

8. Nontariff trade barriers could include all of the following except ?

   A. domestic content laws
   B. government procurement policies
   C. health, safety, and environmental standards
   D. antidumping/countervailing duties applied to imports

9. If a government uses barriers to foreign products such as biases against a foreign company’s bids or product standards that go against a foreign company’s product features the government is using ?

   A. Protectionism
   B. exchange controls
   C. exchange facilitators
   D. nontariff trade barriers

10. When a market is contestable, incumbent firms must __________ to avoid the entry of new competitors?

    A. behave like competitive firms
    B. agree to act together
    C. differentiate their products
    D. practice price discrimination