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PPSC Economics Topic 5 International Economics
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Total Questions20
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Time Allowed20
PPSC Economics Topic 5 International Economics
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Question # 1
According to the factor endowment model of Hackshcer and Ohlin countries heavily endowed with land will.
Question # 2
The current account includes
Question # 3
All of the following are credit items in the balance of payments except.
Question # 4
A tax of 18 cents per unit of imported cheese would be an example of a.
Question # 5
Which industrialization policy has developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation.
Question # 6
The effect of the most favored nation clause is to.
Question # 7
___________ are quotas that lead to a complete abolishment of trade.
Question # 8
A country transactions with the rest of the world are recorded in the
Question # 9
A feasible effect of international trade is that a
Question # 10
A sudden shift from import tariffs to free trade may induce short term unemployment in.
Question # 11
Tariff levels in advanced countries tend to be ___ tariff levels in developing countries.
Question # 12
A tariff that prohibits imports has only
Question # 13
A current account surplus implies that
Question # 14
That the division of labor a limited by the size of the market best applies to which explanation of trade
Question # 15
Industrial policies intended to foster comparative advantage for domestic industries could result in the implementation of.
Question # 16
_____________ represent the most widely used tool in international finance for measuring the average value of a currency relative to a number of other currencies
Question # 17
International trade forces domestic firms to become more completive in terms of.
Question # 18
All of the following are debit items in the balance of payment eexcept.
Question # 19
In balance of payments accounting tourism and travel are classified in the
Question # 20
In the calculation of gross domestic product net exports are.
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