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International Economics MCQs: 346 Questions & Answers in Faculty

346 International Economics MCQs in Faculty with answers & explanations. Page 17. Practice objective questions for competitive exams, interviews & self-asses… Use the answer toggle below to show or hide all solutions, tap an option to check one question, or open a question for its own page.

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International Economics MCQs: 346 Questions & Answers in Faculty

international trade refers to trade between

BOP includes

Devaluation works best when

If { } > { } when K= capital and L= labour, Pk is price of capital and Pl is price of labour and A and B are countries then

The absolute slope of a concave PPC is given by

“Free trade between two countries in H O model will equalize relative factor prices provided there is incomplete specialization.” This is

The paradox that Growth can make a country worse off is termed as

Opportunity cost theory

In Autarchy a nations PPC also shows its

If { } > { } when K= capital and L= labour, and A and B are countries then

If { } > { } when K= capital and L= labour, and A and B are countries then

Hedcging refers to

The Exchange rate is kept the same in all parts of the market through

Leontiff paradox refers to the result that the U S

The H O theory postulates that as a result of trade the differences in factor prices between nations

If a nations terms of trade is ½ its trade partners terms of trade is

Given below is a table whowing the maximum amount of wheat and cloth that the U K and U S could produce if they fully utilize all the factors of production with the best technology available indicate the comparative advantage of U K and U S. U K U S Bushels of wheat 50 120 Meters of Cloth 150 80

If a nation gains from trade its consumption point is

The opportunity cost theory assumes that

The terms of trade of developing countries have a secular tendency to

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