Classical

Advanced Questions - Section 3

6:  

Most tariffs have

A.

only revenue effects

B.

only protective effects

C.

both protective and revenue effects

D.

neither protective or revenue effects

 
 

Option: C

Explanation :


7:  

Which factor of production in the United States is most likely to be made worse off (its factor payment will decrease) because of the North American Free Trade Agreement?

A.

capital

B.

land

C.

skilled labor

D.

unskilled labor

 
 

Option: D

Explanation :


8:  

A tax of 20 cents per unit of imported cheese would be an example of a (an)

A.

Compound tariff

B.

Effective tariff

C.

Ad valorem tariff

D.

Specific tariff

 
 

Option: D

Explanation :


9:  

Holder of European put option can

A.

Sell the asset on or before expiry

B.

Sell the asset on or after expiry

C.

Sell the asset on expiry only

D.

Sell the asset before expiry only

 
 

Option: C

Explanation :


10:  

If the Spot Rate of $ in Mumbai is Rs. 46.70 and the 3 months rate is Rs. 46.45, then which is correct for the forward market?

A.

That Rupee is at premium

B.

That Rupee is at discount

C.

$ is at premium

D.

None of the above

 
 

Option: A

Explanation :




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