Which of the following is not the subject matter of International finance?
Foreign exchange markets
The balance of payments
The basis and the gain from trade
Polices to adjust balance of payments duse equilibria
A policy of developing local industries that can compete with imports is referred to as
Export promotion
Unbalanced growth
Industrial promotion
Import substitution
What proportion of International trade is based on absolute advantage ?
All
Most
Some
None
International Trade is most important to the standard of living of :
The united states
Switzerland
Germany
England
David Ricardo's theory in favour of free trade uses the idea of
Multilateral advantage
Mutual advantage
Absolute advantage
Comparative advantage
The term tariff as used in International trade , refers to
A government payment to encourage exports
A tax on imports
The prices of goods when they leave the producing country
A limit on the quantity of a good that can be imported in to a country
The commodity in which the nation has the smallest absolute disadvantage the commodity of its:
Absolute disadvantage
Comparative disadvantage
According to Adam smith , International trade was based on:
Both absolute and comparative advantage
Nether absolute nor comparative advantage
Developing countries , if compared with other country , have :
A lower rate of literacy
A greats degree of equality in the income distribution
A lower infant mortality rate
A smaller percentage of the labour force in urban areas
Economic theory :
Seeks to explain economic events
Seeks to predict economic events
Abstracts from the many details that surrounds an economic event
All of the above
