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.Management Sciences
A. Elimination of border controls
B. No import taxes on goods bought in another members country
C. Each country can retain its own technical standards
D. Common security arrangements
Related Mcqs:
- The real income of domestic producers and consumers can be increased by ?
- A. Technological progress, but not international trade B. International trade but not technological progress C. Technological Progress and international trade D. Neither technological progress nor international trade...
- 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...
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