A significant portion of actual world trade patterns results from ?

Related Mcqs:

A primary reason why nations conduct international trade is because ?

A. Some nations prefer to produce one thing while others produce another B. Resources are not equally distributed to all trading nations C. Trade enhances opportunities to accumulate profits D. interest rates are not identical in all trading nations...

Free trade is based on the principle of ?

A. Comparative advantage B. Comparative scale C. Economies of advantage D. Production possibility advantage...

Import substitution is the replacement of ____ by domestic production _____ protection of ________?

A. exports, subsidies B. exports, patents C. imports, high tariffs or import quotas D. imports, subsidies...

A demand switching policy could be ?

A. Higher interest rates B. Higher income tax C. Tariffs D. Reduced government spending...

LDCs often have a comparative advantage in the production of ?

A. primary products B. intermediate products C. manufactured products D. financial services...