25 Whon faced with economic integration, a manages should a expect increased com

Question

25 Whon faced with economic integration, a manages should a expect increased competition b. re-structure his pricing to reduce differences exploit the larger markets available to his firn d. all of the above e none of a through e above 26. The following isare true about govemn barriers may the main beneficiaries of these barriers are domestic producers a. the mailn y take the form of tariffs, quotas or subsidies b. d. e. all of the above may ca use other countries to retaliate with their own trade barriers. multinational firms can take advantage of these barriers related to the theory of Absolute Advantage, exsept 27 All of the following are true by Adam Smith a. was formulat says that if e Absolute Advant argued against mercantilism tries focus on what they produce best then trade, both countries Comparative Advantage. tage Theory considered labor, land and capital in the analysis. d. benelit age is a sub-category of will normally also possess: A country which experienced a current account surplus a. a financial/capital account surplus. 28. financial/capital account deficit. c. a current account deficit. d a balanced financial account. e none of the above. 20. The total amount of currency traded every day (in U.S. S terms) is approximately: a. $2-trillion b. S1.5 trillion c. $5-trillion d. $800-million e. $400-million All of the following are benefits of regional integration except a. trade creation b. political cooperation c. shifts in employment d. corporate savings e. all of the above are benefits of regional integration.

Explanation / Answer

25. d. All of the options are available.

26. e. All options are valid for government trade barriers.

27. c. Adam Smith considered only labor for defining the concept of Absolute Advantage.

28. a. A capital account surplus.

29. c. 5 trillion dollar

30. e. All of the above are benefits of regional integration.

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