When an importing country sets limits on the amount of goods it will accept in certain product categories it is called a(n) ?

Related Mcqs:

1. A company is in the ________ stage of the new product development process when the company develops the product concept into a physical product in order to assure that the product idea can be turned into a workable product ?

   A. product development
   B. commercialization
   C. marketing strategy
   D. business analysis

2. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?

   A. Relative Advantage
   B. Complete Advantage
   C. Comparative Edge
   D. Comparative Advantage

3. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?

   A. Relative Advantage
   B. Complete Advantage
   C. Comparative Edge
   D. Comparative Advantage

4. Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ?

   A. Cost of living
   B. Basic requirement
   C. Cost of life
   D. None of the above

5. 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

6. In certain industries Japanese employers hesitate to lay off workers Therefore they sometimes have excess supplies of goods that they cannot sell on the home market without lowering prices. To hold down losses they sell goods in overseas markets at prices well beneath those in japan This practice is best referred to as ?

   A. Orderly marketing
   B. trigger pricing
   C. domestic content pricing
   D. dumping

7. Quotas are government-imposed limits on the _________ of goods trade between countries?

   A. prices
   B. quantity
   C. revenue
   D. costs

8. The form of dumping that represents the greatest potential net welfare loss the for importing national is ?

   A. predatory dumping
   B. sporadic dumping
   C. persistent dumping
   D. yearend dumping

9. 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 ?

   A. Net exports will rise
   B. None of these answers
   C. Net exports will fall
   D. Net exports will remain unchanged

10. 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