Economics MCQs

Page No. 374

A reduced share of the world export market for the United States would be attributed to?


aDecreased productivity in U.S manufacturing


bHigh incomes of American households


cRelatively low interest rates in the United States


dHigh levels of investment by American corporations



Technological improvements are similar to international trade since they both ?


aProvide benefits for all producers and consumers


b Increase the nation’s aggregate income


cReduce unemployment for all domestic workers


d Ensure that industries can operate at less than full capacity



The real income of domestic producers and consumers can be increased by ?


aTechnological progress, but not international trade


bInternational trade but not technological progress


cTechnological Progress and international trade


d Neither technological progress nor international trade



For the United States automobiles are ?


aImported, but not exported


bExported, but not imported


cExported and imported


dNeither imported not exported


View Answer Exported and imported

Recent pressures for protectionism in the United States have been motivated by all of the following except ?


aU.S firms shipping component production overseas


bHigh profit levels for American corporations


cSluggish rates of productivity growth in the United States


dHigh unemployment rates among America workers



Major trading partners of the United States including all of the following countries except ?


aCanada


bMexico


cChina


dNorth Korea


View Answer North Korea

Increased foreign competition tend to ?


aIntensify inflationary pressure at home


bInduce falling output per worker-hour for domestic workers


cPlace constraints on the wages of domestic workers


d Increase profits of domestic import competing industries



Which American industry has least been affected by import competition in recent years ?


aAutomobiles


bSteel


c Radios and TVs


dComputer software


View Answer Computer software

International trade is based on the idea that ?


aExports should exceed imports


bimports should exceed exports


cResources are more mobile internationally than are goods


dResources are less mobile internationally than are goods



International trade forces domestic firms to become more competitive in terms of ?


aThe introduction of new products


bProduct design and quality


cProduct price


dAll of the above


View Answer All of the above

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