If the ratio of price of cloth (PC) divided by the price of food (PF) increases in the international ...

If the ratio of price of cloth (PC) divided by the price of food (PF) increases in the international marketplace, then

A) the cloth exporter will increase the quantity of cloth produced.
B) the cloth exporter will increase the quantity of cloth exported.
C) the food exporter will increase the quantity of food exported.
D) the cloth exporter will decrease the quantity of cloth exported.
E) the country would import more cloth.

Question 2 - Choose one of the arguments countries generally use to justify protection for a particular industry. Describe the argument and any inherent problems with it. Is the argument primarily an economic or a noneconomic one?

What will be an ideal response?

Question 3 - The economic philosophy that favors strict limits on imports and strong support for exports is called

A) zero sum.
B) autarky.
C) mercantilism.
D) comparative advantage.
E) absolute advantage.

Question 4 - What has happened to the free trade agenda in the last few years, and in particular to the fate of the Doha Round of trade negotiations?

What will be an ideal response?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.

If the ratio of price of cloth (PC) divided by the price of food (PF) increases in the international ...

Related Topics