If a group of countries abolish trade barriers between them and set same tariffs on goods coming in from other countries they are a ?

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...

LDCs are reluctant to pursue development through the export of primary products because of ____ and _____ ?

A. The upward trend in commodity prices the stability of primary products real prices B. The upward trend in commodity prices, the volatility of primary products real prices C. The downward trend in commodity prices the stability of primary products real prices D. The downward trend in commodity prices the volatility of primary products real … LDCs are reluctant to pursue development through the export of primary products because of ____ and _____ ?Read More...

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...

When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call ?

A. trade diversion B. trade channeling C. trade creation and trade diversion D. trade creation...

A demand switching policy could be ?

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