A. sugar
B. vegetable oil
C. tea
D. edible oil
Related Mcqs:
- In the Px = export price index, Pm = import price index, Qx = export quantity index,and Qm = import quantity index. Developing countries tend to maintain that their commodity term of trade have declined over the long run suggesting that _________ has declined?
A. Px/Pm
B. Pm/Px
C. (Pm/Px)Qm
D. (Px/Pm)Qx - Similar to import tariffs import quotas tend to result in ?
A. higher prices and reduced imports
B. increased government revenue
C. increased consumer surplus
D. decrease producer surplus - If a large car importer in the Pakistan wants to import many cars, then the exchange value of the Pak rupees will tend to ?
A. fluctuate more than it would do otherwise
B. appreciate
C. depreciate
D. not be affected - If a country an imposes an import tariff, its welfare can improve if ?
A. the country is a small country rather than a larger country
B. its terms of trade improve enough
C. The tariff enhances the welfare of its trading partners
D. Its government’s tax revenue increases because of the tariff - According to the _____ argument for protection, tariffs can shield new industries from import competition until they have grown strong and efficient enough to withstand the competition by foreign producers ?
A. scientific tariff argument
B. infant industry argument
C. beggar they neighbor argument
D. foreign dumping argument - In 1979-80 China first created _____ for foreigners to set up enterprises hire labor and import duty-free goods for processing and re-exporting ?
A. special economic zones
B. liberalized trade monopoly zones
C. Economic Union zones
D. Communist free trade areas - Suppose that the domestic government allows a specific number of goods to be imported each year, but it does not specify from where the product is shipped or who is permitted to import Such a trade barrier is known as ?
A. an import tariffs
B. a tariff rate quota
C. a selective quota
D. a global quota - ________ are profits that accrue to whomever has the right to import the good that is restricted by the quota?
A. quota license
B. quota rents
C. quota prices
D. None of the above - The extent to which a change in the exchange rate leads to changes in import and export prices is known as the ?
A. J Curve effect
B. Marshall Lerner effect
C. absorption effect
D. pass through effect - Many developing countries instituted import substitution policies because ?
A. the prices of the goods they imported were falling
B. the price of goods they exported were increasing
C. their terms of trade were deteriorating
D. their terms of trade were improving
