In which of the following countries would you expect material lifestyles to be most like those in the United States ?

Related Mcqs:

1. Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. What would we expect to happen to the equilibrium price and quantity in the market for wheat today ?

   A. The impact on both price and quantity is ambiguous
   B. Price will decrease, quantity is ambiguous.
   C. price will increase, quantity will decrease
   D. price will increase, quantity is ambiguous.
   E. Price will increase, quantity will increase

2. Suppose that tomatoes from Mexico face a 20 percent tariff in the United States and a 25 percent tariff in Canada. If the United States and Canada maintain free trade between each other, the these two countries belong to a ?

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

3. Following World War II the United States and other countries sought to liberalize trade among each other the first major postwar step toward trade liberalization was the ?

   A. General Agreement on Tariffs and Trade
   B. World Trade Organization
   C. Smoot Hawley Organization
   D. McKinley Agreement on Trade policy

4. Major trading partners of the United States including all of the following countries except ?

   A. Canada
   B. Mexico
   C. China
   D. North Korea

5. G. MacDougal compared export ratios and labor productivity ratios for the United States and the United Kingdom in order to test the:

   A. Ricardian theory of comparative
   B. Heckscher Ohl in theory of comparative advantage
   C. Linder theory of overlapping demand all of the above
   D. None of these

6. Canada France, Germany, Italy, Japan, The United Kingdom and United States are ?

   A. G-7 countries
   B. countries with highest productivity growth in the world since 1960
   C. countries with decreasing TFP growth since 1990s
   D. countries with the lowest information technology equipment and software index prices

7. For advanced countries such as the United States, tariffs on imported raw materials tend to be ?

   A. equals to tariffs on imported manufactured goods
   B. lower than tariffs on imported manufactured goods
   C. higher than tariffs on imported manufactured goods
   D. The highest of all tariffs

8. Assume identical interest rates on comparable securities in the United States and foreign countries. Suppose investors anticipate that in the future the U.S dollar will depreciate against foreign currencies. investment funds would tend to ?

   A. flow from the United States to foreign countries
   B. flow from foreign countries to the United States
   C. remain totally in foreign countries
   D. remain totally in the United States

9. An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?

   A. relatively small; more difficult
   B. relatively small; easier
   C. relatively large; more difficult
   D. relatively large; easier

10. For a given level of technology, we should expect an increase in productivity within a nation when there is an increase in each of the following except ?

    A. labor
    B. physical capital/worker
    C. human capital/worker
    D. natural resources/worker