A feasible effect of international trade is that a (an) ?

Related Mcqs:

Economists suggest that an optimum tariff would be one which reduce imports to a point where___________?

A. Comparative advantage is achieved B. Price elasticity of imports is unity and tariff revenue is maximized C. import prices are the same as export prices D. marginal social cost equals marginal social benefit...

If a country has a burden of debt it cannot sustain it can ?

A. reschedule debt B. get a loan from an international organization C. default on the loan D. any of the above...

A main advantage of specialization results from ?

A. Economies of large-scale production B. The specializing country behaving as a monopoly C. Smaller production runs resulting in lower unit costs D. High wages paid to foreign workers...

What is not a feature of the EU as a single market ?

A. Elimination of border controls B. No import taxes on goods bought in another members country C. Each country can retain its own technical standards D. Common security arrangements...

The terms of trade measure ?

A. The income of one country compared to another B. The GDP of one country compared to another C. The quantity of exports of one country compared to another D. Export prices compared to import prices...