One of the main advantages of trade economists suggest is ?

Related Mcqs:

Which American industry has least been affected by import competition in recent years ?

A. Automobiles B. Steel C. Radios and TVs D. Computer software...

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...

International specialization takes place because of______________?

A. differences in technology B. differences in factor endowments C. scale economies D. All of the above...

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...

If goods are exported for less than society’s marginal production cost and the marginal benefit to domestic consumers, it is likely that they benefit from?

A. an import subsidy B. a quota C. comparative advantage D. an export subsidy...