A primary reason why nations conduct international trade is because ?

Related Mcqs:

Government payments made to domestic firms in order to encourage exports are called ?

A. Side payments B. Tariffs C. subsidies D. export quotas...

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...

A demand switching policy could be ?

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