MCQsDrive | MCQsDrive

Economics Mcqs 4423 MCQs [All-Courses]

Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

Tariff levels in advanced countries tend to be __________ tariff levels in developing countries?

A higher than

B equal to

C lower than

D there is no general pattern

Review Detailed Answer

Correct Answer: lower than

Most of developing-country exports consist of ?

A primary products such as tin and bauxite

B intermediate products

C labor-intensive agricultural products

D labor-intensive manufacturing products

Review Detailed Answer

Correct Answer: primary products such as tin and bauxite

Concerning tariff policy, the United States does not charge?

A lower tariff rates on goods from nations with normal trade relation status

B lower tariff rates on goods from nations with most favored nation status

C low or zero tariffs on goods from certain developing countries

D identical tariff rates in products from all countries of the world

Review Detailed Answer

Correct Answer: identical tariff rates in products from all countries of the world

Among the institutions and policies that have been created to support developing countries are?

A the world Bank

B the international Monetary Fund

C The Generalized System of Preferences

D All of the above

Review Detailed Answer

Correct Answer: All of the above

To stabilize the prices of primary products international commodity agreements have utilized all of the following except ?

A tariff-rate quotas applied to imported goods

B production and export controls

C buffer stocks

D multilateral contracts

Review Detailed Answer

Correct Answer: tariff-rate quotas applied to imported goods

To help developing nations strengthen their international competitiveness many industrial nations have granted non-reciprocal tariff reductions to developing nations under the ?

A international commodity agreements program

B multilateral contract program

C generalized system of preferences program

D export-led growth program

Review Detailed Answer

Correct Answer: generalized system of preferences program

To be considered a a good candidate for an export cartel, a commodity should ?

A be a manufactured goods

B be a primary product

C have high price elasticity of supply

D have a low price elasticity of demand

Review Detailed Answer

Correct Answer: have a low price elasticity of demand

The arrangement where goods imported from trading partners in the developing world are subject to lower tariff rates than goods from other countries is referred to as ?

A normal trade relation status

B most favored nation status

C offshore assembly provisions

D Generalized System of Preferences

Review Detailed Answer

Correct Answer: Generalized System of Preferences

Concerning the hypothesis that there has occurred a long run deterioration in the developing countries terms of trade empirical studies provide ?

A mixed evidence that does not substantiate the deterioration hypothesis

B overwhelming support for the deterioration hypothesis

C overwhelming opposition to the deterioration hypothesis

D None of the above

Review Detailed Answer

Correct Answer: mixed evidence that does not substantiate the deterioration hypothesis

Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation ?

A export promotion

B import promotion

C international commodity agreements

D multilateral contracts

Review Detailed Answer

Correct Answer: export promotion

« Previous
Next »

Showing 31 to 40 of 40 results

Contact Info

Economics Mcqs 4423 MCQs [All-Courses]

All Topics 4423

All Topics 4423

Tariff levels in advanced countries tend to be __________ tariff levels in developing countries?

Most of developing-country exports consist of ?

Concerning tariff policy, the United States does not charge?

Among the institutions and policies that have been created to support developing countries are?

To stabilize the prices of primary products international commodity agreements have utilized all of the following except ?

To help developing nations strengthen their international competitiveness many industrial nations have granted non-reciprocal tariff reductions to developing nations under the ?

To be considered a a good candidate for an export cartel, a commodity should ?

The arrangement where goods imported from trading partners in the developing world are subject to lower tariff rates than goods from other countries is referred to as ?

Concerning the hypothesis that there has occurred a long run deterioration in the developing countries terms of trade empirical studies provide ?

Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation ?