International trade in goods and services is sometimes used as a substitute for all of the following except ?

Related Mcqs:

David Ricardo’s theory in favor of free trade uses the ideal of ?

A. absolute advantage B. mutual advantage C. multilateral advantage D. comparative advantage...

The main cause of different relative costs between countries are ?

A. relative factor competition B. relative factor mobility C. relative factor substitution D. relative factor endowments...

For the United states, exports plus imports are about _____ of its gross national product?

A. 5 percent B. 10 percent C. 25 percent D. 55 percent...

International trade tends to cause welfare losses to at least some groups in a country ?

A. The less mobile the country’s resources B. The more mobile the country’s resources C. The lower the country’s initial living standard The higher the country’s initial living standard...

The terms of trade measure ?

A. The income of one country compared to another B. The GDP of one country compared to another C. The quantity of exports of one country compared to another D. Export prices compared to import prices...