A. trade creation
B. trade diversion
C. dynamic welfare effects
D. comprehensive welfare effects
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Related Mcqs:
- Trade creation will more likely outweigh trade diversion for Country X that forms a customs union if the level of tariffs in Country X prior to the customs union is ________ and the total number of countries forming the customs union is _________?
- A. relatively high; relatively large B. relatively high; relatively small C. relatively low ; relatively large D. relatively low ; relatively small...
- An agreement between a borrower country and the International Monetary Fund in which the country agrees to revamp its economic policies to provide incentives for higher export earnings and lower imports is a ?
- A. debt rescheduling agreement B. debt service agreement C. program for growth D. stabilization program...
- Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?
- A. I and III only B. II and III only C. I, II and III only D. I, II , III only IV...
- The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment?
- A. Regional B. structural C. seasonal D. demand-deficient...
- 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...
- A depreciation of the dollar will have its most pronounced impact on imports if the demand for imports is ?
- A. constant B. inelastic C. elastic D. Unitary elastic...
- A way of helping depressed regions by having lower wages lower local taxes and lower unemployment benefit has been suggested as ?
- A. market-orientated economists B. left-wing theorists C. Keynesian. D. new-Keynesian...
- A way of helping depressed regions by having lower wages, lower local taxes and lower unemployment benefit has been suggested as ?
- A. market orientated economists B. left-wing theorists C. Keynesian D. New-Keynesian...
- If A forms a customs union with B, 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...
- If A forms a customs union with C, the value of trade diversion will be ?
- A. $0 B. $10,000 C. $20,000 D. $40,000...
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