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International Business MCQ - International Business Section 3

31 The principle of comparative advantage asserts that

A
A country will specialize in the export of the products that it can produce at the maximum relative cost
B
A country will specialize in the export of the products that it can produce at the lowest relative cost
C
A country will specialize in the export of the product that it can produce at maximum profit.
D
None of the above

32 Export promotion is a/ an

33 The effective rate of protection is defined as

34 A country's production possibility curve is derived from information on

35 Trade necessitates gains for both countries but the gains are divided between nations in a way that depends on whose price ratios change

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Question:

The Bretton Woods system, in which the nation can defend a fixed rate by adjusting the whole national economy to fit the exchange rate, or it can devalue…

A. Permanently fixed-rate system
B. Exchange rate compromises system
C. Deficits without tears
D. Adjustable-peg system

Correct answer: D

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