A specification of a maximum amount of a foreign produced good that will be allowed to enter the country over a given time period is referred to as a (an) ?

Related Mcqs:

1. The whole class of goods that will be under produced or not produced at all in a completely unregulated market economy are referred to as ?

   A. Pareto goods
   B. public goods
   C. private goods
   D. free goods

2. 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

3. What is called that bank which regularly accepts foreign currency-denominated deposits and makes foreign currency-denominated deposits and makes foreign currency loans ?

   A. Eurobank
   B. Foreign bank
   C. International Bank
   D. Multinational Bank

4. If a government uses barriers to foreign products such as biases against a foreign company’s bids or product standards that go against a foreign company’s product features the government is using ?

   A. Protectionism
   B. exchange controls
   C. exchange facilitators
   D. nontariff trade barriers

5. By Which scale the value of all economic activity produced by a nation during a given period is measured ?

   A. Gross Domestic Product (GOP)
   B. Gross National output (GNO)
   C. Gross National Product (GNP)
   D. Gross National output

6. The total quantity of goods and services produced (or supplied) in an economy in a given period is ?

   A. aggregate investment
   B. aggregate expenditure
   C. aggregate demand
   D. aggregate output

7. If firms can neither enter nor leaves an industry, the relevant time period is the ?

   A. immediate run
   B. intermediate run
   C. long run
   D. short run

8. If the autarky price of S were lower in country A than in country B then if trade were allowed ?

   A. A would likely export S to B
   B. A would likely import S from B
   C. neither country would want to trade
   D. None of the above

9. All currencies other than the domestic currency of a given country are referred to as ?

   A. hard currency
   B. foreign exchange
   C. reserve currencies
   D. near monies

10. What is called the amount of non-military foreign aid which a country received ?

    A. Grands
    B. Official Development Assistance (ODA)
    C. Foreign aid
    D. Friendly aid