Question 1

According to J S Mill, equilibrium terms of trade is determined by -------demand

Accepted Answer

A) Market 
B) Aggregate 
C) Effective 
D) Reciprocal 
A) Market 
B) Aggregate 
C) Effective 
D) Reciprocal

Question 2

A commercial policy is a government policy related to -------.

Accepted Answer

A) Commercial transactions of private companies 
B) Economic transactions across international borders 
C) Commercial transactions of developed countries 
D) Taxes 
A) Commercial transactions of private companies 
B) Economic transactions across international borders 
C) Commercial transactions of developed countries 
D) Taxes

Question 3

Two countries can gain from foreign trade if

Accepted Answer

A) Cost ratios are different 
B) Price ratios are different 
C) Both cost ratios and price ratios are different 
D) Tarifs are different 
A) Cost ratios are different 
B) Price ratios are different 
C) Both cost ratios and price ratios are different 
D) Tarifs are different

Question 4

When many commodities are traded terms of trade is expresed as -------of its export pricr to import price

Accepted Answer

A) sum 
B) multiple 
C) index ratio 
D) index 
A) sum 
B) multiple 
C) index ratio 
D) index

Question 5

The classical economist Adam Smith was a champion of -------.

Accepted Answer

A) Protectionism 
B) Free Trade 
C) Trade Wars 
D) Intra indstry trade 
A) Protectionism 
B) Free Trade 
C) Trade Wars 
D) Intra indstry trade

According to J S Mill, equilibrium terms of trade is determined by -------demand

A commercial policy is a government policy related to -------.

Two countries can gain from foreign trade if

When many commodities are traded terms of trade is expresed as -------of its export pricr to import price

The classical economist Adam Smith was a champion of -------.

Key Concepts in Macroeconomics and Economic History

National Income and GDP Calculation in India

National Income and Classical Theory of Employment

Economic Concepts and Policies

Understanding Inflation, Business Cycles, and Monetary Policy

International Trade Theories and Concepts

International Trade Policies and Organizations

International Trade and Economic Policies

Balance of Payment and International Trade

International Trade and Finance

Understanding Foreign Exchange Market and Exchange Rate Systems: Part 1

Understanding Foreign Exchange Market and Exchange Rate Systems: Part 2

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Exam 7: Understanding Terms of Trade and International Trade Policies

According to J S Mill, equilibrium terms of trade is determined by -------demand

A commercial policy is a government policy related to -------.

Two countries can gain from foreign trade if

When many commodities are traded terms of trade is expresed as -------of its export pricr to import price

The classical economist Adam Smith was a champion of -------.

Key Concepts in Macroeconomics and Economic History

National Income and GDP Calculation in India

National Income and Classical Theory of Employment

Economic Concepts and Policies

Understanding Inflation, Business Cycles, and Monetary Policy

International Trade Theories and Concepts

International Trade Policies and Organizations

International Trade and Economic Policies

Balance of Payment and International Trade

International Trade and Finance

Understanding Foreign Exchange Market and Exchange Rate Systems: Part 1

Understanding Foreign Exchange Market and Exchange Rate Systems: Part 2

Filters