The real income of domestic producers and consumers can be increased 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...

The term tariff, as used in international trade refers to ?

A. The price of goods when they leave the producing country B. a limit on the quantity of a good that can be imported into a country C. a tax on imports D. a government payment to encourage exports...

International specialization takes place because of______________?

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

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

A. Industries in which there are neither imports nor exports B. Imports competing industries C. Industries that sell to domestic and foreign buyers D. Industries that sell to only foreign buyers...

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...