When countries from large trading blocs like the EU, the size of the bloc has the effect of improving them ?

Related Mcqs:

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...

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...

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...

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...