Economics

The shipbreakers of Alang are A) a metaphysical representation of the

The shipbreakers of Alang are A) a metaphysical representation of the WTO, deriving from Edgar Rice Burroughs’ Princess of Mars. B) an early version of the Russian Ice-breaker of the Dnieper-Alang class. C) a capital-intensive industry. D) competing with pollution-producing industries in countries outside of India. E) doing environmentally conscious work.   ANSWER D

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Date: September 10th, 2020

Alan Garcia A) in his first Presidency in Peru, followed free market

Alan Garcia A) in his first Presidency in Peru, followed free market economic policies. B) nationalized the property of the financial services sector during his first Presidency. C) was never freely elected in Peru and ruled with the support of the military. D) maintained balanced budgets and helped Peru avoid the economic problems most Latin […]

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Date: September 10th, 2020

Which of the following statements is TRUE? A) Free trade is beneficia

Which of the following statements is TRUE? A) Free trade is beneficial only if your country is strong enough to stand up to foreign competition. B) Free trade is beneficial only if your competitor does not pay unreasonably low wages. C) Free trade is beneficial only if both countries have access to the same technology. […]

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Date: September 10th, 2020

Futures contracts differ from forward contracts in that A) future con

Futures contracts differ from forward contracts in that A) future contracts ensures you will receive a certain amount of foreign currency at a specified future date. B) future contracts bind you into your end of the deal. C) future contracts allow you to sell your contract on an organized futures exchange. D) future contracts are […]

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Date: September 10th, 2020

The remarkable success of the HPAEs proves that A) trade policy is th

The remarkable success of the HPAEs proves that A) trade policy is the key to successful economic growth. B) trade policy is irrelevant to successful economic growth. C) high educational standards is the key to successful economic growth. D) dual economies must suffer economic stagnation. E) trade policy can lead to a higher standard of […]

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Date: September 10th, 2020

Under fixed exchange rate, in general which one of the following state

Under fixed exchange rate, in general which one of the following statements is the MOST accurate? A) The following condition should hold for domestic money market equilibrium: Ms/P = L(R , Y). B) The following condition should hold for domestic money market equilibrium: Md/P = L(R , Y). C) The following condition should hold for […]

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Date: September 10th, 2020

The Shipbreakers of Alang utilize much labor and little capital, there

The Shipbreakers of Alang utilize much labor and little capital, thereby supporting the applicability of the A) factor proportions explanation of the sources of comparative advantage. B) specific factor theory of comparative advantage. C) monopolistic competition theory of comparative advantage. D) scale economies theory of comparative advantage. E) basis of the non-dumping legislation.   ANSWER […]

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Date: September 10th, 2020