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

Related Mcqs:

Major trading partners of the United States including all of the following countries except ?

A. Canada B. Mexico C. China D. North Korea...

The imposition of a tariff causes consumption to _____ and imports to _________?

A. rise, rise B. fall, rise C. fall, fall D. rise, fall...

An optimal tariff is one which reduces imports to the level at which ____ equals ____?

A. imports, exports B. the balance of trade, zero C. The demand for currency the supply of currency D. social marginal cost, social marginal benefit...

A country has a comparative advantage in the production of a product if the good’s _____ cost in different from the good’s _____ cost in another country ?

A. resource; resource B. foreign exchange money C. opportunity; opportunity D. money; opportunity...

One of the main advantages of trade economists suggest is ?

A. technological change B. competitions with foreign suppliers C. development of tourism D. lower tariffs...