If the Uk placed a limit on the amount of steel that could be imported into the UK in a particular period this would be an example of ?

Related Mcqs:

The theory that states that a country has a comparative advantage in the production of a product if that country is relatively well endowed with inputs used intensively in the production of that product is the?

A. Ricardo Malthus theorem B. Heckscher Ohlin theorem C. Lucas-Laffer theorem D. Friedman Samuelson theorem...

Term of trade for a country are the ratio of _______________ to _____________?

A. its opportunity costs; world opportunity costs B. export prices; import prices C. Value of exports; value of imports D. its currency; other currencies...

Economic transition involves high inflation because _____ and ______?

A. high monetary growth high wages B. high budget deficits devaluation C. high monetary growth devaluation D. Prices surge from an artificially low level to their equilibrium level the inflation tax is required a source of government revenue...

A country has a comparative advantage in the production of a product if the good’s _____ cost in different from the good’s _____ cost in another country ?

A. resource; resource B. foreign exchange money C. opportunity; opportunity D. money; opportunity...

One of the main advantages of trade economists suggest is ?

A. technological change B. competitions with foreign suppliers C. development of tourism D. lower tariffs...