info@avatto.com
+91-9920808017
51. The argument for a secular decline in the terms of trade of primary commodity exporters is based on
High income
Low income
Price elasticity of demand
Both (B) and (C)
Your email address will not be published. Required fields are marked *
Report
Name
Email
Website
Save my name, email, and website in this browser for the next time I comment.
Comment
52. If country A can produce more of a commodity with the same amount of real resources than country B, country A is said to have __ over country B.
Comparative advantage
Positive advantage
Absolute advantage
Negative advantage
53. The extent, in percentages, to which the domestic price of imported goods exceeds what their price would be in the absence of protection is given by
The effective rate of protection
Value-added tariff
The nominal rate of protection
None of the above
54. The gains in consumption come from two changes induced by the chance to trade I. Chance to change consumption patterns. ll. Chance to change saving patterns Ill. Chance to change investment portfolios IV. Benefits of specialization in production Of these statements:
I and II are correct
II and III are correct
III and IV are correct
I and IV are correct.
55. The ratio of a country's export prices to its import prices is called
Relative price ratio
Trade ratio
Terms of trade
Benefit ratio
Login with Facebook
Login with Google
Forgot your password?
Lost your password? Please enter your email address. You will receive mail with link to set new password.
Back to login
