Which of the following countries is known as sugar bowl ?

Related Mcqs:

1. Which of the following countries is known as sugar bowl ?

   A. USA
   B. Argentina
   C. China
   D. Cuba

2. Which of the following countries leads in the production of sugar in the world ?

   A. USA
   B. India
   C. Cuba
   D. Brazil

3. An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?

   A. relatively small; more difficult
   B. relatively small; easier
   C. relatively large; more difficult
   D. relatively large; easier

4. The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?

   A. flying geese
   B. import substitution
   C. export orientation
   D. commodity expansion

5. If two countries A and B are member of a currency union and there is a shift in consumer preferences away from the goods of country A and towards those of country B than which one of the following would help to offset the effect of the resulting changes in aggregate demand in A and B on inflation and unemployment in the tow countries ?

   A. A high degree of labour mobility between the tow countries
   B. An increase in government spending in country (A)
   C. A depreciation in the foreign exchange value of the common currency
   D. A low degree of capital mobility between the two countries

6. Which of the following countries are not newly industrialized countries (NICs) ?

   A. Taiwan
   B. North Korea
   C. Singapore
   D. Hong kong

7. Tariff levels in advanced countries tend to be __________ tariff levels in developing countries?

   A. higher than
   B. equal to
   C. lower than
   D. there is no general pattern

8. A widely used indicator to differentiate developed countries from developing countries is ?

   A. international trade per capita
   B. real income per capital
   C. unemployment per capita
   D. calories per capita

9. When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call ?

   A. trade diversion
   B. trade channeling
   C. trade creation and trade diversion
   D. trade creation

10. ________ is said to exist when the formation of a regional trading group leads to the reduction of trade with nonmember countries in favor of member countries ?

    A. trade creation
    B. trade diversion
    C. trade exclusion
    D. trade distortion