Assume that global recession causes the quantity of tin demanded to decrease by 4 million pounds at each price To maintain the price of tin at the target price you would ?

Related Mcqs:

The Generalized System of Preferences (GSP) program allows ?

A. developing country export to advanced countries to receive preferential tariff treatment B. developing country imports from advanced countries to receive preferential tariff treatment C. any developing country to ignore the most-favored nation clause D. any advanced country to ignore the most favored-nation clause...

Suppose that the supply curve of tin is highly inelastic. If the demand curve of tin decrease and increase cyclically along the supply curve of tin, then in this market the size of the quantity fluctuation will bathe size of the price fluctuations ?

A. relatively greater than B. relatively less than C. the same as D. Any of the above...

Suppose that the demand curve for tin is highly inelastic. If the supply curve of tin decrease and increase cyclically along the demand curve for tin then in this market the size of the price fluctuation will be __________ the size of the quantity fluctuations?

A. relatively greater then B. relatively less than C. the same as D. any of the above...

An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?

A. relatively small; more difficult B. relatively small; easier C. relatively large; more difficult D. relatively large; easier...

The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?

A. flying geese B. import substitution C. export orientation D. commodity expansion...