If the EU imposes a quota on the importing of clothing produced in China, so reducing UK imports of clothing, which of the following is true regarding UK net exports ?

Related Mcqs:

1. If the EU imposes a quota on the importing of clothing produced in China, so reducing UK imports of clothing Which of the following is true regarding the market for foreign currency exchange ?

   A. The demand for pounds decreases and the pound depreciates
   B. The Supply of pounds increases, and the pound depreciates
   C. The Supply of pounds decreases, and the pound appreciates
   D. The demand for Pounds increases and the pound appreciates

2. What is called the difference in the value of a nation’s imports over exports or exports over imports ?

   A. Trade deficit
   B. Trade simples
   C. Both a & b
   D. Not a nor b

3. To reduce imports, suppose that the government of Norway’s imposes a quota equal to 800 computers, Compared to what occurred under free trade, Norway’s consumers surplus will ________ and its producer surplus will _______ Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?

   A. increase, increase
   B. increase, decrease
   C. decrease, increase
   D. decrease, decrease

4. Suppose, due to political instability, Russians suddenly choose to purchase UK assets as opposed to Russian assets Which of the following statements is true regarding the value of the pound and UK net exports ?

   A. The pound appreciates, and UK net exports rise
   B. The pound appreciates, and UK net exports fall
   C. The pound depreciates, and UK net exports rise
   D. The pound depreciates, and UK net exports fall

5. The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?

   A. balance of payments on current account
   B. visible trade balance
   C. balance of trade
   D. balance of payments

6. S = Savings, I = domestic investment, X = exports of goods and services, and M = imports of goods and services Which of the following is true ?

   A. S – I = X = M
   B. S + I = X + M
   C. S = I – (X+M)
   D. S-I = X/M

7. A(n) ________ is n example of a quota where foreigners hold quota licenses ?

   A. export quota
   B. embargo
   C. auction quota
   D. tariff quota

8. Which of the following groups would not benefit from an EU imports quota on Japanese cars ?

   A. Eu consumers who buy electronics from Japan
   B. EU farmers who export grain
   C. employees of EU car manufacturers
   D. Shareholders of German carmaker BMW

9. If a nation fitting the criteria for the small nation model imposes a 10 percent tariff on imports of autos ?

   A. The price of autos within the nation will rise by 10 percent
   B. The price of autos within the nation will rise by less than 10 percent
   C. The price of autos within the nation will rise by more than 10 percent
   D. The price of autos will not rise because of internal competition

10. If A imposes a per unit tariff of $10 on imports from both B and C A will import ?

    A. 400 units from B
    B. 200 units from C
    C. 200 units from each
    D. 400 units from B and 200 units from C