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.Management Sciences
Category: Trade Policies For the Developing Nations
Membership in the World Trade Organization for china ?
A. has been a matter of low priority for the Chinese government
B. was achieved in the early 1950s
C. has been opposed by a number of labor and human rights organizations in other countries
D. has had negligible effect on trade between china and the United States
Hong Kong and South Korea are examples of developing nations that have recently pursued ________ industrialization policies?
A. import substitution
B. export promotion
C. commercial dumping
D. multilateral contract
Which of the following organizations primarily provides long-term loans to developing countries to help them develop their infrastructure such as schools hospitals and roads ?
A. World Bank
B. International Monetary Fund
C. Council on Foreign Relations
D. Organization of petroleum Exporting Countries
Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?
A. multilateral contracts
B. production and export controls
C. buffer stock arrangements
D. tariff-rates quotas
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 firms collude and become a cartel The best level of output for the cartel as a whole is ___________ the price equals __________ and profits total __________?
A. 2 million barrels per day, $100, $60 million
B. 4 million barrels per day, $80, $160 million
C. 6 million barrels per day, $60, $60 million
D. 8 million barrels per day, $40, $20 million
To stabilize the prices of primary products international commodity agreements have utilized all of the following except ?
A. tariff-rate quotas applied to imported goods
B. production and export controls
C. buffer stocks
D. multilateral contracts
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
For the oil-importing countries, the increase in oil prices in 1970s and early 2000s contributed to all of the following except ?
A. balance of trade deficits
B. price inflation
C. constrained economic growth
D. improving terms of trade
Concerning tariff policy, the United States does not charge?
A. lower tariff rates on goods from nations with normal trade relation status
B. lower tariff rates on goods from nations with most favored nation status
C. low or zero tariffs on goods from certain developing countries
D. identical tariff rates in products from all countries of the world
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