A. Canada
B. Australia
C. Japan
D. China
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Related Mcqs:
- If the economy is in the expansionary phase of the business cycle, aggregate demand ____ unemployment ____ inflation ____ payments is likely to move towards ____?
- A. falls; rise; falls; surplus B. is static; low; rise; deficit; C. falls; falls; falls; surplus D. rise; falls; rises; deficit...
- 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...
- Compared to what occurred under free trade, Mexico’s producer surplus ____ and consumer surplus ____ as a result of the subsidy Use the figure that you have plotted to calculate the amounts ?
- A. decreases, decreases B. decreases, increases C. increases, decreases D. increases, increases...
- An optimal tariff is one which reduces imports to the level at which ____ equals ____?
- A. imports, exports B. the balance of trade, zero C. The demand for currency the supply of currency D. social marginal cost, social marginal benefit...
- If the economy is in the recessionary phase of the business cycle, aggregate demand ___ unemployment ____ inflation ___ and the current account of the balance of payments is likely to move towards ____?
- A. falls; falls; falls; surplus B. is static; low; rises; deficit C. falls; rises; falls; surplus D. rises; falls; rises; deficit...
- The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it
- A. increase; increase B. increase; reduce C. reduce; reduce D. reduce; increase...
- Automatic stabilisers act to ____ government expenditures and ____ government revenues during recessions ?
- A. increase: increase B. decrease; decrease C. increase; decrease D. decrease; increase...
- Antimonopoly legislation is undertaken to ____ competition and market regulation is undertaken to ____ competition ?
- A. restrict; promote B. restrict; restrict C. promote; promote D. promote; restrict...
- The long-run Phillips curve is ____ at the ____?
- A. horizontal, natural rate of inflation B. horizontal natural rate of unemployment C. vertical natural rate of inflation D. vertical equilibrium rate of unemployment...
- According to Coase’s theorem when property rights are well defined and legally enforceable and transactions costs are not prohibitive ?
- A. population growth leads to rigid land rights B. participants will organize their transactions C. violence displacement erosion and poverty are minimized D. individuals overuse of the biosphere is curtailed...
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