A attempts to limit outsourcing of jobs to foreigners by requiring that a minimum percentage of a product’s value must be produced domestically if that good is to be sold in the domestic market ?

Related Mcqs:

1. If the home country government grants a subsidy on a domestically produced good domestic producers tend to ?

   A. Capture the entire subsidy in the form of higher profits
   B. Increase their level of production
   C. reduce wages paid to domestic workers
   D. consider the subsidy as a increase in production cost

2. An index of prices of all domestically produced goods in the economy is the ?

   A. wholesale price index (WPI)
   B. Consumer price index (CPI)
   C. GDP deflator
   D. Producer price index (PPI)

3. Suppose that the offshore assembly provisions (OAP) of the United States are granted to finished computers that are imported and produced domestically This policy will tend to ?

   A. cause foreign assemblers of computers to use more computer components that are supplied by countries other than the United States
   B. Increase the Price of computers to consumers in the United States
   C. Increase the Production of computers in the United States
   D. Increase the production of computer components in the United States

4. If your company were to make a product such as a suit of clothes and sold that product to a retailer your company would have sold to the __________ merket?

   A. reseller
   B. business
   C. government
   D. service

5. Gross Domestic Product is the sum of the market value of the ?

   A. intermediate goods
   B. final goods and services
   C. manufactured goods
   D. inferior goods and services
   normal goods and services

6. A company is in the ________ stage of the new product development process when the company develops the product concept into a physical product in order to assure that the product idea can be turned into a workable product ?

   A. product development
   B. commercialization
   C. marketing strategy
   D. business analysis

7. The most wave of globalization which began in the 1980s has emphasized the outsourcing of ?

   A. services and white-collar jobs
   B. manufacturing and blue-collar jobs
   C. natural resource extraction and mining jobs
   D. agriculture and farming jobs

8. With fixed exchange rates and no private currency flows, when the central bank buys domestic currency the domestic money supply is ?

   A. increased
   B. unaffected
   C. reduced
   D. None of these

9. If imports licenses are auctioned off to domestic importers in competitive market their scarcity value (revenue effect) accrues to ?

   A. foreign corporations
   B. foreign workers
   C. domestic corporations
   D. The domestic government

10. Reserve requirements that may be imposed on an economy’s banks by its central bank specify that banks by its central bank specify that banks reserve must be a minimum percentage of them ?

    A. assets
    B. deposits
    C. loans
    D. government bonds