Foundations of Modern Trade Theory Mcqs
Foundations of Modern Trade Theory Mcqs, this topic has 46 mcqs, It takes five to ten minutes to complete this free Foundations of Modern Trade Theory Mcqs test. You will see 4 or 5 option of each question. You must choose / think only one option and then press on answer key for check right answer. Practice "Foundations of Modern Trade Theory Mcqs" MCQs and share with your friends, brothers, sisters.
Foundations of Modern Trade Theory Mcqs (Total Quiz: 46)
MCQ: G. MecDougall showed in his tests that ?
- relatively higher U.S labor productivity was associated with relatively higher U.K export ratios
- relatively high U.K labor productivity was associated with relatively higher U.K export ratios
- Labor productivity ratios and export ratios were not associated with each other
- None of the above
B
MCQ: Dynamic gains from trade could result from ?
- The stimulus of additional investment spending as market open
- Economies of large scale production as markets open
- Additional competition made possible by the opening of markets
- All of the above
D
MCQ: Under free trade, Canada would not realize any gains from trade with Sweden if Canada ?
- Trades at Canada’s marginal rate of transformation
- Trade at Sweden’s marginal rate of transformation
- Specializes completely in the production of its export good
- Specializes partially in the production of its exports goods
A
MCQ: In autarky, when a community maximizes its standard of living its production point is ?
- below the production possibility frontier
- on the production possibility frontier
- above the production possibility frontier
- can’t tell without more information
B
MCQ: In aukarky, when a community maximizes its standard of living, its production and consumption point is ?
- below the production possibility frontier
- On the production possibility frontier
- above the production possibility frontier
- can’t tell without more information
B
MCQ: Which countries terms of trade improved between 1990 and 2000 ?
- Mexico and Denmark
- Sweden and Denmark
- Sweden and Spain
- Mexico and Sweden
D
MCQ: If a country has a liner (downward sloping) production possibilities frontier, then production is said to be subjected to ?
- constant opportunity costs
- decreasing opportunity costs
- first increasing and then decreasing opportunity costs
- increasing opportunity costs
A
MCQ: If the relative Price (MRT) of T were to increase, then the price line would ?
- Shift out in a parallel fashion
- shift in a parallel fashion
- become steeper
- Become flatter
D
MCQ: Country B has the comparative advantage in ?
- Wine
- Beer
- Both wine and beer
- Neither wine nor beer
D