India's economic reforms have focused on
A) privatizing state-owned enterprises and increasing efficiency.
B) reducing persistent inflation and current account deficits.
C) transitioning from socialism and toward private ownership.
D) reducing exchange rate instability.
Question 2 - The graph above shows domestic supply and demand with trade. With trade, this country can purchase at the world price, Pw. Which of the following areas represents consumer surplus with trade?
A) Pw-A-0
B) Pw-B-Qd-0
C) P1-B-Pw
D) P1-B-A-0
Question 3 - China's economic reforms have focused on
A) privatizing state-owned enterprises and increasing efficiency.
B) reducing persistent inflation and current account deficits.
C) transitioning from socialism and toward private ownership.
D) reducing exchange rate instability.
Question 4 - The new GATS and TRIPS are separate agreements negotiated within the WTO framework as part of the Uruguay Round that apply to
A) services and transportation.
B) agriculture and textiles.
C) services and intellectual property.
D) textiles and transportation.
Question 5 - Which of the following countries has the highest population in the world?
A) Indonesia
B) Russia
C) India
D) China
Question 6 - The graph above shows supply and demand in the domestic market without trade. Producer surplus without trade is represented by area
A) P1-E-Po
B) P1-E-0
C) Po-E-0
D) P1-E-Qo
Question 7 - India's economic reforms began in
A) 1960.
B) 1978.
C) 1991.
D) 1998.
Question 8 - The graph above shows supply and demand in the domestic market without trade. Consumer surplus without trade is represented by area
A) P1-E-Po
B) P1-E-0
C) Po-E-0
D) P1-E-Qo
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