Instead, assume that global economic expansion causes the quantity of tin demanded to increase by 4 million pounds at each price To maintain price of tin at the target price you would ?

Related Mcqs:

Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation ?

A. export promotion B. import promotion C. international commodity agreements D. multilateral contracts...

The arrangement where goods imported from trading partners in the developing world are subject to lower tariff rates than goods from other countries is referred to as ?

A. normal trade relation status B. most favored nation status C. offshore assembly provisions D. Generalized System of Preferences...

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...

Because supply and demand conditions for primary products are very price inelastic their prices ?

A. have been steadily rising in recent decades B. have been more stable than the prices of manufactured goods C. fluctuate about as much as the prices of manufactured goods D. tend to be very unstable from year to year...

_________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ?

A. absolute advantage B. comparative advantage C. export-led growth D. import substitution...