The largest amount of trade with the United States in recent years has been conducted by ?

Related Mcqs:

International trade is based on the idea that ?

A. Exports should exceed imports B. imports should exceed exports C. Resources are more mobile internationally than are goods D. Resources are less mobile internationally than are goods...

Economists suggest that an optimum tariff would be one which reduce imports to a point where___________?

A. Comparative advantage is achieved B. Price elasticity of imports is unity and tariff revenue is maximized C. import prices are the same as export prices D. marginal social cost equals marginal social benefit...

All of the following represent obstacles to LDC development except ?

A. resource scarcity B. low levels of investment C. low population D. poor infrastructure E. poor human capital...

International trade in goods and services tends to ?

A. Increase all domestic costs and prices B. Keep all domestic costs and prices at the same level C. Lessen the amount of competition facing home manufacturers D. Increase the amount of competition facing home manufacturers...

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...