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30 International Trade is different from internal trade because of the A Manufactured goods involved Currency differential B.Homogeneity of prices C,Heterogeneity of prices 31.Balance of payments is also known as A.Balance of credit B Balance of international paymes CBalance of goods and services D.Balance of payment deficit. 32. Human capital refers to the A Acquisition of plant and equipment by workers. it Amsont of financial investment made by individuals CLabour force requirement for sustained economic growth DEducation and the experience of the working force. 3.1 Balance of payments deficit account may be financed by the following EXCEPT A.Selling investments overseas. B.Decreasing the assets of foreigners Chorrowing from foreign government. D.Using the country's foreign reserves 34 In a situation where two countries A and B produce two goods RICE and BEANS respectively with 100 units of labour each. Country A produces 50 tons of Rice and 30 tom of beans and country B produces 70 tons of rice and 20 tons of beans, if country B were to consider the theory of comparative advantage, what would be her decision? A.Specialize in the production of beans B. Specialize in the production of rice C.Specialize in the production of both goods D Interchange the production of both goods 35. Institutions serving as links between surplus nd deficit units can be identified as A. Financial intermediates B. Tax officers Chouses D.Pension offices 36. Which of the following will not be a reason for a government to impose a quota on imports A. To support strategic industry B. To raise tax revenue C. To prevent dumping D. To retaliate against other countries 22 Ja

30 International Trade is different from internal trade because of the A Manufactured goods involved Currency differential B.Homogeneity of prices C,Heterogeneity of prices 31.Balance of payments is also known as A.Balance of credit B Balance of international paymes CBalance of goods and services D.Balance of payment deficit. 32. Human capital refers to the A Acquisition of plant and equipment by workers. it Amsont of financial investment made by individuals CLabour force requirement for sustained economic growth DEducation and the experience of the working force. 3.1 Balance of payments deficit account may be financed by the following EXCEPT A.Selling investments overseas. B.Decreasing the assets of foreigners Chorrowing from foreign government. D.Using the country's foreign reserves 34 In a situation where two countries A and B produce two goods RICE and BEANS respectively with 100 units of labour each. Country A produces 50 tons of Rice and 30 tom of beans and country B produces 70 tons of rice and 20 tons of beans, if country B were to consider the theory of comparative advantage, what would be her decision? A.Specialize in the production of beans B. Specialize in the production of rice C.Specialize in the production of both goods D Interchange the production of both goods 35. Institutions serving as links between surplus nd deficit units can be identified as A. Financial intermediates B. Tax officers Chouses D.Pension offices 36. Which of the following will not be a reason for a government to impose a quota on imports A. To support strategic industry B. To raise tax revenue C. To prevent dumping D. To retaliate against other countries 22 Ja

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter34: Globalization And Protectionism
Section: Chapter Questions
Problem 54CTQ: Trade has income distribution effects. For example, suppose that because of a government-negotiated...
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e M rowth of the e 01:05 ne e by en . LTE Jasamine 05/07/2022, 22:00 B. Population is less than resources and technology C. Population matches natural resources and technolog D.Population is greater natural resources and technolog 30 International Trade is different from internal trade because of the A Manufactured goods involved Currency differential B.Homogeneity of prices C.Heterogeneity of prices 31.Balance of payments is also known as A.Balance of credit B Balance of international paymen C.Balance of goods and services D.Balance of payment deficit. 32. Human capital refers to the A Acquisition of plant and equipment by workers. It Amunt of financial investment made by individuals CLabour force requirement for sustained economic growth DEducation and the experience of the working force. 31 Balance of payments deficit account may be financed by the following EXCEPT A.Selling investments overseas. B.Decreasing the assets of foreigners Chorrowing from foreign government. D.Using the country's foreign reserves 34 In a situation where two countries A and B produce two goods RICE and BEANS respectively with 100 units of labour each. Country A produces 50 tons of Rice and 30 tons of beans and country B produces 70 tons of rice and 20 tons of beans, if country B were to consider the theory of comparative advantage, what would be her decision? A Specialize in the production of beans B.Specialize in the production of rice C.Specialize in the production of both goods D Interchange the production of both goods 35. Institutions serving as links between surplus nd deficit units can be identified as A. Financial intermediates B. Tax officers Chouses D.Pension offices 36. Which of the following will not be a reason for a government to impose a quota on imports A. To support strategic industry B. To raise tax revenue C. To prevent dumping D. To retaliate against other countries n All Media da
Transcribed Image Text:e M rowth of the e 01:05 ne e by en . LTE Jasamine 05/07/2022, 22:00 B. Population is less than resources and technology C. Population matches natural resources and technolog D.Population is greater natural resources and technolog 30 International Trade is different from internal trade because of the A Manufactured goods involved Currency differential B.Homogeneity of prices C.Heterogeneity of prices 31.Balance of payments is also known as A.Balance of credit B Balance of international paymen C.Balance of goods and services D.Balance of payment deficit. 32. Human capital refers to the A Acquisition of plant and equipment by workers. It Amunt of financial investment made by individuals CLabour force requirement for sustained economic growth DEducation and the experience of the working force. 31 Balance of payments deficit account may be financed by the following EXCEPT A.Selling investments overseas. B.Decreasing the assets of foreigners Chorrowing from foreign government. D.Using the country's foreign reserves 34 In a situation where two countries A and B produce two goods RICE and BEANS respectively with 100 units of labour each. Country A produces 50 tons of Rice and 30 tons of beans and country B produces 70 tons of rice and 20 tons of beans, if country B were to consider the theory of comparative advantage, what would be her decision? A Specialize in the production of beans B.Specialize in the production of rice C.Specialize in the production of both goods D Interchange the production of both goods 35. Institutions serving as links between surplus nd deficit units can be identified as A. Financial intermediates B. Tax officers Chouses D.Pension offices 36. Which of the following will not be a reason for a government to impose a quota on imports A. To support strategic industry B. To raise tax revenue C. To prevent dumping D. To retaliate against other countries n All Media da
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