International Business - International Business Objective Questions

1. Home
2. UGC NET Commerce Questions
3. International Business
4. International Business Objective Questions

21:  

Argument for a secular decline in the terms of trade of primary commodity exporters is based on

A.	High income
B.	Low income
C.	Price elasticity of demand
D.	Both (B) and (C)
	Answer Report Discuss
	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

22:  

If a 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.

A.	Comparative advantage
B.	Positive advantage
C.	Absolute advantage
D.	Negative advantage
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

23:  

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

A.	Effective rate of protection
B.	Value added tariff
C.	Nominal rate of protection
D.	None of the above
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

24:  

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:

A.	I and II are correct
B.	II and III are correct
C.	III and IV are correct
D.	I and IV are correct.
	Answer Report Discuss
	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

25:  

Ratio of a country's export prices to its import prices is called

A.	Relative price ratio
B.	Trade ratio
C.	Terms of trade
D.	Benefit ratio
	Answer Report Discuss
	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

• «
• 1
• 2
• 3
• 4
• 5
• 6
• 7
• 8
• 9
• 10
• 11
• 12
• 13
• 14
• »