International trade is based on the idea that ?

Related Mcqs:

The real income of domestic producers and consumers can be increased by ?

A. Technological progress, but not international trade B. International trade but not technological progress C. Technological Progress and international trade D. Neither technological progress nor international trade...

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...

Arguments for free trade are sometimes disregarded by politicians because ?

A. Maximizing domestic efficiency is not considered imports B. Maximizing consumer welfare may not be a chief priority C. There exist sound economic reasons for keeping one’s economy isolated from other economies D. Economists tend to favor high protected domestic markets...

What is not a feature of the EU as a single market ?

A. Elimination of border controls B. No import taxes on goods bought in another members country C. Each country can retain its own technical standards D. Common security arrangements...

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...