The movement to free international trade is most likely to generate short-term unemployment in which industries ?

Related Mcqs:

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

A. International movements of capital B. International movements of labor C. International movements of technology D. Domestic production of different goods and services...

Term of trade for a country are the ratio of _______________ to _____________?

A. its opportunity costs; world opportunity costs B. export prices; import prices C. Value of exports; value of imports D. its currency; other currencies...

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...

Economic integration ?

A. occurs when countries are granted most favored nation status B. occurs when one country voluntarily agrees to reduce its exports to another country C. occurs when two or more nations join to form a free-trade zone D. Occurs when countries develop an acquired comparative advantage that makes their industries more competitive in international markets...

Output fell sharply in the transition economies because ?

A. banks were unable to function B. there was little corporate control C. vital infrastructure was missing D. All of the above...