A country’s export commodity concentration ratio is the ?

Related Mcqs:

1. Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin?

   A. purchase; decrease
   B. purchase; increase
   C. sell; increase
   D. sell; decrease

2. 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

3. Export primary commodity concentration ratios are ?

   A. commodity exports as a percentage of GDP per capita of exporting country divided by importing country
   B. export earnings as a ratio of population
   C. total merchandise export divided by Gross National Income
   D. food, raw materials minerals and organic oils and fat as a percentage of total merchandise exports

4. To be considered a a good candidate for an export cartel, a commodity should ?

   A. be a manufactured goods
   B. be a primary product
   C. have high price elasticity of supply
   D. have a low price elasticity of demand

5. To be considered a good candidate for export cartel, a commodity should ?

   A. be a manufactured good
   B. be a primary product
   C. have a low price elasticity of supply
   D. have a high price elasticity of demand

6. The booming of North Seas’ gas export revenues in the 1970s that appreciated the guilder, making industrial export more costly in foreign currencies and increasing foreign competition and unemployment is known as ?

   A. Trade deficit
   B. Blind river disease
   C. Dutch disease
   D. Economic turmoil

7. Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

   A. I and III only
   B. II and III only
   C. I, II and III only
   D. I, II , III only IV

8. Assume that Country A is relatively abundant in labor and Country B is relatively abundant in land Note that wages are the returns to labor and rents are the returns to land According to the factor price equalization theorem, once Country A begins specializing according to comparative advantage and trading with Country B: A. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A ?

   XA. wages and rents should fall in Country A
   B. wages and rents should rise in Country A
   C. wages should rise and rents should fall in Country A
   D. wages should fall and rents should raise in Country A

9. An agreement between a borrower country and the International Monetary Fund in which the country agrees to revamp its economic policies to provide incentives for higher export earnings and lower imports is a ?

   A. debt rescheduling agreement
   B. debt service agreement
   C. program for growth
   D. stabilization program

10. Concerning economic sanctions, export embargo induces greater losses in consumer surplus for the target country the?

    A. lesser it initial dependence on foreign produce goods.
    B. more elastic the target country demand schedule
    C. greater then available output from alternative suppliers
    D. more in elastic the target country supply scheduleB.