International trade forces domestic firms to become more competitive in terms of ?

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...

In a floating exchange rate system ?

A. The government intervenes to influence the exchange rate B. The exchange rate should adjust to equate the supply and demand of the currency C. The Balance of payments should always be in surplus D. The Balance of payments will always equal the government budget...

If there is a balance of payments deficit then in a floating exchange rate system ?

A. The external value of the currency would tend to fall B. The external value of the currency would tend to rise C. The injections from trade are greater then the withdrawals D. Aggregate demand is increasing...

A feasible effect of international trade is that a (an) ?

A. Monopoly in the home market becomes an oligopoly in the world market B. Oligopoly in the home market becomes a monopoly in the world market C. Purely competitive firm in the home market becomes an oligopolist D. purely competitive firm in the home market becomes a monopolist...

International difference is opportunity costs lead to countries acquiring ?

A. Comparative advantage B. High exchange rates C. trade barriers D. trade quotas...