The terms of trade measure ?

Related Mcqs:

A primary reason why nations conduct international trade is because ?

A. Some nations prefer to produce one thing while others produce another B. Resources are not equally distributed to all trading nations C. Trade enhances opportunities to accumulate profits D. interest rates are not identical in all trading nations...

International trade forces domestic firms to become more competitive in terms of ?

A. The introduction of new products B. Product design and quality C. Product price D. All of the above...

In a floating exchange rate system ?

A. The government intervenes to influence the exchange rate B. The exchange rate should adjust to equate the supply and demand of the currency C. The Balance of payments should always be in surplus D. The Balance of payments will always equal the government budget...

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...

International difference is opportunity costs lead to countries acquiring ?

A. Comparative advantage B. High exchange rates C. trade barriers D. trade quotas...