Classical

Advanced Questions - Section 3

26:  

The movement to free international trade is most likely to generate short-term unemployment in which industries

A.

Industries in which there are neither imports nor exports

B.

Import-competing industries

C.

Industries that sell to domestic and foreign buyers

D.

Industries that sell to only foreign buyers

 
 

Option: B

Explanation :


27:  

Which round of international trade negotiations resulted in the creation of the World Trade Organization?

A.

Kennedy Round of 1964-1967

B.

Tokyo Round of 1973-1979

C.

Uruguay Round of 1986-1993

D.

Doha Round of 2003-2007

 
 

Option: C

Explanation :


28:  

A tax of 15 percent per imported item would be an example of a (an)

A.

Ad valorem tariff 

B.

Specific tariff

C.

Effective tariff

D.

Compound tariff

 
 

Option: A

Explanation :


29:  

The NAFTA is a

A.

monetary union

B.

free trade area

C.

common market

D.

customs union

 
 

Option: B

Explanation :


30:  

Relationship between Spot and Forward Exchange Rate s is referred to as

A.

Interest Rate Parity

B.

Purchasing Power Parity

C.

Exchange Power Parity

D.

One-price rule

 
 

Option: A

Explanation :




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