A. One-half ton of steel
B. One ton of steel
C. One and one-half tons of steel
D. Two tons of steel
Related Mcqs:
- In the presences of purchasing power parity, if one-dollar exchanges for 2 British pounds and if a DVD player costs $400 in the United States then in Britain the DVD player should cost ?
A. 200 pounds
B. 400 pounds
C. 600 pounds
D. 800 pounds - With International trade, what would be the maximum amount of steel that South Korea would be willing to export to Japan in exchange for each DVD ?
A. One-half ton of steel
B. One ton of steel
C. Two tons of steel
D. Two and one-half tons of steel - If I purchase a stereo from South Korea, I obtain the stereo and South Korea obtains the dollars But if I purchase a stereo produced in the Pakistan I obtain the stereo and the rupees remain in Pakistan, This line of reasoning is ?
A. valid for stereos, but nor for most products imported by Pakistan
B. valid for most products imported by Pakistan but not for stereos
C. deceiving since Koreans eventually spend the dollars on Pakistani goods
D. deceiving since the dollars spent on a stereo built in the Pakistan eventually wind up overseas - The opportunity cost of one DVD in Japan is ?
A. One ton of steel
B. Two tons of steel
C. Three tons of steel
D. Four tons of steel - With international trade, what would be the maximum number of DVDs that Japan would be willing to export to South Korea in exchange for each ton of steel ?
A. One DVD
B. Two DVDs
C. Three DVDs
D. Four DVDs - Group of Singapore, Hong, Kong, Taiwan, and south Korea is called?
A. Four Dragons
B. Little Tigers
C. Four Tigers
D. All of these - How is termed the group which consists of Singapore, Hong kong, Taiwan, and south Korea ?
A. Four Dragons
B. Little Tigers
C. Four Tigers
D. All of these - Hong Kong and South Korea are examples of developing nations that have recently pursued ________ industrialization policies?
A. import substitution
B. export promotion
C. commercial dumping
D. multilateral contract - If the international terms of trade settle at a level that is between each country’s opportunity cost ?
A. There is no basis for gainful trade for either country
B. Both countries gain from trade
C. Only one country gains from trade
D. One country gain and the other country loses from trade - The concept of opportunity cost ?
A. is relevant only for a capitalist economy like the United States.
B. Suggests a major increase in public health care spending means an expansion in other areas will be harder to achieve.
C. Suggests all our wants can be achieved.
D. Would be relevant if we eliminated poverty
