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.Management Sciences
A. be a manufactured good
B. be a primary product
C. have a low price elasticity of supply
D. have a high price elasticity of demand
Related Mcqs:
- The arrangement where goods imported from trading partners in the developing world are subject to lower tariff rates than goods from other countries is referred to as ?
- A. normal trade relation status B. most favored nation status C. offshore assembly provisions D. Generalized System of Preferences...
- The Generalized System of Preferences (GSP) program allows ?
- A. developing country export to advanced countries to receive preferential tariff treatment B. developing country imports from advanced countries to receive preferential tariff treatment C. any developing country to ignore the most-favored nation clause D. any advanced country to ignore the most favored-nation clause...
- Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin?
- A. purchase; decrease B. purchase; increase C. sell; increase D. sell; decrease...
- All of the following are trade problems of developing countries except?
- A. unstable export markets B. improving terms of trade C. limited access to the markets of industrial countries D. highly elastic demand curves for their products...
- 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...
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