International Trade and Economic Policy
Description: This quiz aims to evaluate your understanding of key concepts and theories related to international trade and economic policy. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: international trade economic policy trade policy economic integration |
Which of the following is NOT a determinant of a country's comparative advantage?
According to the Heckscher-Ohlin model, countries tend to export goods that are intensive in their _____ factors of production.
Which of the following is NOT a potential benefit of free trade?
The theory of _____ argues that countries can gain from trade even if they do not have a comparative advantage in any good.
Which of the following is a common argument in favor of protectionist trade policies?
The _____ is a multilateral trade agreement that aims to reduce trade barriers between its member countries.
Which of the following is NOT a type of trade barrier?
The _____ is a measure of the overall restrictiveness of a country's trade policies.
Which of the following is NOT a type of economic integration?
The _____ is a regional trade agreement between the United States, Mexico, and Canada.
Which of the following is NOT a potential cost of economic integration?
The _____ is a measure of the extent to which a country's trade policy is biased towards or against certain sectors of the economy.
Which of the following is NOT a potential benefit of trade liberalization?
The _____ is a measure of the extent to which a country's trade policy is biased towards or against imports.
Which of the following is NOT a potential cost of trade protectionism?