In autarky equilibrium ?

Foundations Of Modern Trade Theory 28/09/2021

A. Production equals consumption
B. Exports equal imports
C. there is no trade
D. All of the above

Related Mcqs:

    The opportunity cost of one DVD in Japan is ?
    A. One ton of steel B. Two tons of steel C. Three tons of steel D. Four tons of steel...
    In autarky, the relative price of X, in terms of Y in A would be ?
    A. 1/2 Y B. 3/4 Y C. 1 Y D. 4/3 Y...
    According to the principle of comparative advantage ?
    A. South Korea should export steel B. South Korea should export steel and DVDs C. Japan should export steel D. Japan should export steel and DVDs...
    The relative price (MRT) of T in terms of S is ?
    A. 2 B. 1/2 C. 500 D. 1000...
    If the relative Price (MRT) of T were to increase, then the price line would ?
    A. Shift out in a parallel fashion B. shift in a parallel fashion C. become steeper D. Become flatter...

Leave a Reply

Your email address will not be published. Required fields are marked *