Economics MCQs

4475 MCQs  (Page 276 of 448)

In 1980 the U.S imposed export quotas on grain sold to the Soviet Union in response to its armed invasion of Afghanistan if other nations do not increase grain exports to the soviets all the following would likely occur except?
A. Grain prices would rise in the soviet union
B. Consumer surplus would decrease for the soviets
C. Grains prices would rise in the united states
D. Export revenues would decrease for u.s producers
Concerning economic sanctions, export embargo induces greater losses in consumer surplus for the target country the?
A. Lesser it initial dependence on foreign produce goods.
B. More elastic the target country demand schedule
C. Greater then available output from alternative suppliers
D. More in elastic the target country supply scheduleb.
Which of the following is a valid currency______________?
A. promissory note
B. currency note
C. exchange rate
D. bank cheque
Two countries can gain from foreign trade if ?
A. cost ratios are different
B. tariff rates are different
C. price ratios are different
D. a and c of above
Commercial policy means_______________?
A. policy about markets
B. policy about money supply
C. policy about imports and exports
D. policy of controlling of prices of goods