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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
A nation wishing to reduce its current account deficit would be advised to.
Question # 2
The exchange rate is kept the same across geographically separate markets by
Question # 3
The movement to free international trade is most likely to generate short term unemployment in which industries'.
Question # 4
International trade forces domestic firms to become more completive in terms of.
Question # 5
If a small country imposes a tariff on an imported goods terms of trade will
Question # 6
Quotas are government imposed limits on the ___ of goods trade between countries.
Question # 7
The organization that currently establishes rules of conduct for firms engaging in international trade is the.
Question # 8
A nation with a current account deficit will be
Question # 9
That the division of labor is limited by the size of th market best applies to which explanation of trade.
Question # 10
A current account surplus implies that
Question # 11
Comparative advantage is determined by
Question # 12
Import quotas tend to result in all of the following except.
Question # 13
The institutional framework developed in 1974 to promote trade liberalization is known as.
Question # 14
Tariff levels in advanced countries tend to be ___ tariff levels in developing countries.
Question # 15
A country transactions with the rest of the world are recorded in the
Question # 16
That the division of labor a limited by the size of the market best applies to which explanation of trade
Question # 17
A _________ is a regional trading block in which member countries eliminate intercanal trade barriers but maintain existing barriers against countries that are not members.
Question # 18
A product will be traded only if the pre trade price difference between the two countries
Question # 19
Advocates of industrial policy maintain that government should.
Question # 20
The national security argument for protection is more likely to be valid when
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