The competitive advantage from a devaluation is likely to be offset by _______ and ________?

Related Mcqs:

1. Mention an international trade policy competitive devaluation and increased protective barriers that one country institute to gain at the expense of its trading partners ?

   A. Nationalist policy B. Domestic policy C. Protectionist policy D. Beggar-thy-beighbour...

2. If the economy is at the peak of the business cycle, aggregate demand ____ unemployment _______ inflation _______ and the current account of the balance of payments is likely to move towards _______?

   A. rise; falls; rise; deficit B. falls; rises; falls; surplus C. falls; falls; falls; surplus D. is static; low; rises; deficit...

3. Assume That the firms operate as purely competitive sellers (a purely competitive industry) In the long run, equilibrium price equals _________ quantity equals _________ and profits total _________?

   A. $100, 2 million barrels per day $60 million B. $80, 4 million barrels per day $70 million C. $60, 6 million barrels per day, $20 million D. $40, 8 million barrels per day, $0 million...

4. Which of the following is true regarding the production and pricing decisions of monopolistically competitive firms? Monopolistically competitive firms choose the quantity at which marginal cost equals ?

   A. marginal revenue and then use the demand curve to determine the price consistent with this quantity B. average total cost and then use the supply curve to determine the price consistent with this quantity C. marginal revenue and then use the supply curve to determine the price consistent with this quantity D. average total...

5. Which of the following is true with regard to monopolistically competitive firms scale of production and pricing decisions Monopolistically competitive firms produce ?

   A. at the efficient scale and charge a price equal to marginal cost B. at the efficient scale and charge a price above marginal cost C. With excess capacity and charge a price above marginal cost D. With excess capacity and charge a price equal to marginal cost...

6. Devaluation of currency can help to increase exports if elasticity of demand of exportable items in other countries is ?

   A. Less than one B. Greater than one C. Equal to one D. Zero...

7. Devaluation means ?

   A. Converting rupee into gold B. Lowering of the value of one currency in comparison of some foreign currency C. Making rupee dearer in comparison to some foreign currency D. None of these...

8. Devaluation of currency helps to promote ?

   A. National income B. Saving C. Imports at lower cost D. Exports...

9. Which approach predicts that is an economy operates a full employment and faces trade deficit currency devaluation will improve the trade balance only if domestic spending is cut thus freeing resources to produce exports ?

   A. the absorption approaches B. the Marshall Lerner approach C. the monetary approach D. the elasticities approach...

10. The analysis considers the ability of domestic and foreign price of adjust to devaluation in the short run ?

    A. pass through B. absorption C. adjustment mechanism D. currency contract period...